S&P 500 — US Large Cap Index
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Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
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Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
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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 dipped toward 5.35% on Friday as the energy price rally paused ahead of a key US CPI report, which could reinforce expectations of a Federal Reserve rate hike next week. Yet, yields remain close to 19-year peaks, with the 30-year yield near 6%, a level last seen in 1998. Investors processed stronger-than-expected UK GDP data, with July’s month-on-month growth at 0.4%, beating forecasts, while growth over the three months to July matched the previous period at 0.4%. Meanwhile, Brent crude stayed close to a four-month high, and UK natural gas prices remained near a 3.5-year high, amplifying concerns about renewed inflationary pressures. Markets have nearly priced in a Bank of England rate hike in November and anticipate three additional increases by mid-2027, even as Governor Bailey clarified on Tuesday that future decisions will depend on economic and geopolitical conditions, dismissing the notion that a rate rise is merely a matter of time.
