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 dropped nearly 5 basis points to 4.08% on Wednesday as signs of labor market weakness bolstered expectations for a near-term Federal Reserve rate cut. ADP’s high-frequency data showed private employers cutting roughly 11,250 jobs per week in the four weeks to October 25, raising concerns while the government shutdown delayed the closely watched monthly jobs report. Markets now price in about a 68% chance of a 25 bps rate cut in December, up from roughly 62% a day earlier. At month-end, the Fed is expected to pause its balance sheet runoff and boost Treasury bill purchases to offset maturing MBS assets. Meanwhile, optimism grew that the record-long shutdown could end soon, with the Republican-controlled House poised to approve a bill restoring funding to key departments and agencies.
