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 4.64% on Wednesday after dropping nearly 10 basis points in the previous session, as falling oil prices eased inflation concerns and investors continued to assess the implications of the Treasury Department’s expanded debt buybacks. Oil prices declined for a third consecutive session, reducing concerns over near-term inflationary pressures. Meanwhile, market participants continued to debate the Treasury’s plan to at least double its buybacks, with investor Stanley Druckenmiller arguing that the move is undermining the Treasury market’s credibility and wasting an opportunity for meaningful debt reform. Elsewhere, investors awaited the latest US PCE price index report, the Federal Reserve’s preferred measure of inflation. The data comes ahead of Fed Chair Kevin Warsh’s speech at the annual Jackson Hole symposium on Friday, where he is not expected to provide clear guidance on the central bank’s policy decision in September.
