S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The UK 10-year gilt yield rose above 5.0%, reaching its highest level since July 23, as renewed concerns over the Iran conflict pushed oil prices higher and heightened inflation risks. The move formed part of a broader global bond selloff, although the rise in UK yields was limited by signs of a weakening labour market that could reduce pressure on the Bank of England to tighten policy. Unemployment unexpectedly remained at 4.9% in the three months to June, above the 4.8% forecast, while payroll employment fell by 86,000 year-on-year. Regular earnings growth stood at 3.5%, slightly above expectations. The figures reinforce expectations that the BoE may keep rates unchanged for the remainder of the year, after leaving policy steady in July. Investors are now turning their attention to the latest UK inflation report, which is expected to show headline inflation accelerating to a four-month high, while underlying price growth may ease.
