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 10-year US Treasury note fell to 4.29% on Wednesday, marking a third consecutive session of decline as investors grew increasingly concerned about the Middle East war’s impact on economic growth. Now in its fifth week, the conflict has rattled global markets and raised fears of a simultaneous spike in inflation and slowdown in growth.
However, Federal Reserve Chair Jerome Powell earlier this week noted that longer-term inflation expectations remain well-contained, easing concerns that higher energy prices will immediately push inflation higher. This reduces the urgency for any monetary policy response, particularly as the Fed has limited tools to counter supply-driven shocks. The yield on the 10-year note climbed around 39 bps in March, reflecting the surge in oil prices amid renewed inflation concerns.
