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 MarketGermany’s 10-year Bund yield rose toward 3.05%, nearing its highest level since 2011, as escalating tensions around the Strait of Hormuz amplified inflation concerns and strengthened expectations of European Central Bank rate hikes. Earlier optimism about a US-led diplomatic resolution has faded after the collapse of a two-week ceasefire and the failure to restart negotiations between the US and Iran. Market sentiment has turned cautious, with money markets now fully pricing in two quarter-point ECB rate hikes in 2026 and assigning a 55% probability to a third increase by year-end. On the economic front, Germany’s Ifo Business Climate Index fell to 84.4 in April, its lowest since May 2020, missing expectations of 85.5, amid deepening concerns that the Middle East conflict is further undermining Germany’s already fragile economic recovery.
