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 MarketThe UK 10-year gilt yield dipped to 4.39% before edging back above 4.40%, staying close to its lowest level since December 2024. Investors weighed Finance Minister Rachel Reeves’ pre-budget remarks while awaiting the Bank of England’s policy announcement on Thursday. In a rare speech just three weeks before the November budget, Reeves cautioned that the government faces “hard choices” to sustain public spending and cut national debt, hinting at potential broad-based tax increases. She also reaffirmed her commitment to fiscal discipline, even as elevated interest rates and years of underinvestment continue to pressure public finances. Meanwhile, expectations for monetary easing have shifted notably. While markets previously anticipated no rate change until spring, they now see roughly even odds of a rate cut this week amid signs of moderating inflation and sluggish growth.
