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 MarketUK 10-year gilt yields rose further above 4.5%, extending recent volatility as political uncertainty weighed on markets. Concerns over Prime Minister Keir Starmer’s leadership intensified after the resignation of his chief of staff amid the Lord Peter Mandelson controversy. Starmer has faced renewed calls to step down from within a fractious Labour Party, particularly after scrutiny surrounding his appointment of Mandelson as UK ambassador to the US, given Mandelson’s past links to Jeffrey Epstein. However, Skills Minister Baroness Smith dismissed speculation of his resignation, saying he remains focused on domestic priorities. Meanwhile, markets have increased bets on Bank of England rate cuts. Although the central bank kept interest rates unchanged at 3.75% in a split decision, policymakers adopted a more dovish tone than expected, indicating that CPI inflation is likely to move back toward the 2% target from April.
