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 held above 5.0%, remaining close to last week’s two-month high after the Bank of England voted 6-3 to keep the Bank Rate unchanged at 3.75%, compared with market expectations of a 7-2 split. The BoE warned that higher energy prices are likely to push inflation higher later this year, with risks now tilted to the upside, although the outlook remains highly dependent on developments in the Middle East. Meanwhile, renewed US airstrikes on Iran lifted oil prices and weighed on risk sentiment, while the Federal Reserve added to market uncertainty by leaving interest rates unchanged despite three FOMC members dissenting in favor of a rate hike.
