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 climbed above 4.8%, reaching their highest level since June 19, as crude oil prices rose following attacks on vessels in the Strait of Hormuz. The renewed tensions in the waterway pushed crude back above $72 per barrel, its highest since early July, adding to inflationary pressures. Traders are also increasing bets on Bank of England rate hikes, with a 76% chance of a rise by year-end and over 50% odds for November. Bank of England Governor Andrew Bailey recently reaffirmed that inflation is still projected to hit 2%, albeit later than previously expected, and dismissed the possibility of imminent rate cuts. In political developments, Andy Burnham, the leading candidate to replace Keir Starmer as prime minister, has yet to appoint a finance minister, with former energy minister Ed Miliband emerging as the likely pick.
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