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 Market
Aluminum futures in the UK dropped by as much as 1.4% toward $3,500 per tonne in Asian trading, the lowest in a month, as persistent tensions in the Middle East and prospects of higher US interest rates weighed on the demand outlook. Oil prices rebounded after fresh US strikes against Iran, fueling inflation concerns and increasing the likelihood of tighter monetary policy, which could slow global growth and dampen demand for industrial metals. Despite the decline, prices remain more than 19% higher year-to-date, supported by tightening supply conditions as dual blockades in the Strait of Hormuz continue to restrict aluminum exports from the Persian Gulf, which accounts for 9% of global production. Supply risks have been further exacerbated by direct attacks on major facilities in the region. EGA’s flagship smelter is expected to take up to a year to return to full capacity, while operations at Bahrain’s ALBA facility remain partially suspended.
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