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 US 10-year Treasury note hovered around 4.46% on Thursday, staying near its highest level since June last year as accelerating US inflation linked to the Iran war reinforced expectations that the Federal Reserve will maintain higher interest rates for longer or potentially implement another hike. Data released Thursday showed US wholesale inflation rose in April at its fastest pace since 2022, following Tuesday’s report indicating consumer inflation climbed to 3.8% last month, the highest reading since May 2023. Markets have now fully priced out any possibility of a Fed rate cut this year and are increasingly factoring in a higher probability of a rate increase before year-end. Meanwhile, the US Senate narrowly confirmed Kevin Warsh as Federal Reserve chair on Wednesday, with investors assessing whether he will maintain the central bank’s independence amid political pressure.
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