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 held around 4.69% on Monday after rising about 5 basis points in the previous session, reflecting concerns that the Federal Reserve may be complacent about inflationary risks in the US economy amid persistent tensions in the Middle East. The interim ceasefire agreement between the US and Iran is set to formally expire later today, with negotiations to end the conflict and reopen the Strait of Hormuz remaining deadlocked. Year-ahead inflation expectations compiled by the University of Michigan rose in August, marking a fifth consecutive month above the 4% level. Meanwhile, data released last week pointed to subdued US inflation, while consumer sentiment and retail sales declined. Markets now see roughly a 67% probability that the Fed will hold rates in September, up from below 50% a month ago.
