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 MarketJapan’s 10-year government bond yield climbed above 1.75%, nearing levels last seen in 2007, as investors weighed the impact of potential large-scale fiscal stimulus under Prime Minister Sanae Takaichi. Her first stimulus package could reach 17 trillion yen or more, exceeding last year’s 13.9 trillion yen, raising concerns about Japan’s already high public debt. Additionally, recent data showed the nation’s economy shrank 1.8% in Q3. Although smaller than expected, this marked the first contraction in six quarters, driven by falling exports amid US tariffs and reinforcing expectations of increased government spending to support growth. Markets also speculated the BOJ may delay rate hikes as Takaichi is expected to advocate caution while advancing a larger-than-expected fiscal package. Her upcoming meeting with BOJ Governor Kazuo Ueda is being closely watched for signals on the central bank’s policy path and how authorities intend to manage fiscal expansion and currency pressures.
