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 MarketAustralia’s 10-year government bond yield held steady at a near three-week high of 4.33% on Thursday, as investors reassessed the Reserve Bank’s policy outlook following a hotter-than-expected monthly inflation reading. Markets had already seen little chance of a rate cut next week, but have now also trimmed the chance of a November cut to 40% from 70% before the price data. Details in the August CPI report were viewed as signaling upside risks to third-quarter inflation, even though the RBA downplayed the importance of the monthly data, saying the series remained too volatile to rely on. The broader data flow in recent weeks has also been on the slightly strong side, reinforcing the central bank’s cautious stance. Adding to this, Governor Michele Bullock said on Monday that the economy was in “a good place” with both growth and inflation, suggesting there was no urgency to cut rates in the near term.
