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 rose to the 4.16% mark on Thursday, approaching the four-month highs of 4.2% that were tested earlier in the week as fresh evidence of a stable market limited the urgency for the Federal Reserve to lower interest rates. Initial unemployment claims were sharply below expectations to hold the decrease in average claim counts since December, extending the view that the US labor market has not seen a significant increase in job cuts despite the prolonged period of higher interest rates. The results limited concerns that the Fed must continue to lower interest rates to prop up the labor market, as argued by dovish members of the FOMC. Meanwhile, President Trump ordered the Freddie Mac and Fannie Mae to purchase $200 billion in mortgage backed securities by next week, likely supporting fixed income assets of longer maturities.
