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 yield on the US 10-year Treasury note climbed to around 4.57% on Monday, reaching its highest level in two weeks as stronger-than-expected US jobs data reinforced expectations that the Federal Reserve could raise interest rates later this year. Friday’s employment report showed the US economy added 172,000 jobs in May, significantly above forecasts of 85,000, while the unemployment rate remained unchanged at 4.3%. Following the data release, markets increased the likelihood of a Fed rate hike in December to nearly 70%, up from roughly 50% previously. Even so, the Fed is still widely expected to keep interest rates unchanged at the June 16-17 meeting under new Chairman Kevin Warsh. Expectations for tighter monetary policy were also supported by escalating tensions in the Middle East, which pushed oil prices higher and fueled concerns about renewed inflationary pressures.
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