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 Market
The yield on the US 10-year Treasury note slipped to around 4.7% on Monday, retreating from an 18-month high as investors awaited a busy week of labor market data, highlighted by Friday’s closely watched monthly US jobs report. Last week, the Federal Reserve left interest rates unchanged, although three officials dissented, warning that waiting too long to act could eventually require more aggressive policy tightening. Markets are currently pricing in about a 68% chance of a 25 basis point Fed rate hike in September. Meanwhile, reports indicated that Fed Chair Kevin Warsh is considering reducing the number of policy meetings from the current eight per year. Investors have criticized Warsh’s efforts to limit forward guidance on the path of interest rates, while the Fed continues to face mounting pressure to do more to rein in inflation.
