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
Commerzbank strategist Charlie Lay, notes Brent Oil tumbled 8.7% to USD 88.36, reversing much of last week’s surge as US–Iran tensions eased and markets priced in de-escalation. Lay stress that shipping through the Strait of Hormuz remains negligible, so the move mainly reflects expectations rather than an actual restoration of global Oil and LNG flows.
Oil drop driven by de-escalation hopes
“The main theme overnight was the sharp decline in oil prices as the pause in US-Iran hostilities extended into a third day.”
“Brent crude plunged 8.7% to USD88.36, the largest one-day decline in more than three months, reversing much of last week’s 9.9% surge.”
“The Strait accounts for around one-fifth of global oil and LNG supplies before the conflict.”
“This suggests that the sharp decline in oil prices largely reflects expectations of de-escalation rather than an actual restoration of energy flows.”
“The sharp fall in oil prices has eased some of the immediate pressure on the Fed.”
