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 10-year US Treasury note climbed to around 4.66% on Thursday, rising for a second consecutive session as stronger-than-expected US economic data reinforced expectations for a Federal Reserve interest rate hike before year-end. The PCE price index increased 0.2% month-on-month in July, above estimates of 0.1% and reversing a 0.1% decline in June, while annual inflation rose to 3.7% versus forecasts of 3.6%. Investors now await Fed Chair Kevin Warsh’s speech at the annual Jackson Hole symposium on Friday for further clues, although he is not expected to offer a clear signal on the central bank’s policy decision in September. Meanwhile, investors continued to assess the Treasury’s plan to at least double its buybacks, with billionaire investor Stanley Druckenmiller arguing that the move undermines the Treasury market’s credibility and fails to deliver an opportunity for meaningful debt reform.
