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
The DAX 40 fell 0.5% to around 25,870 on Wednesday, the lowest level in a week, mirroring a negative sentiment across Europe. The conflict between the US and Iran over control of the Strait of Hormuz has escalated further, pushing oil prices even higher and fuelling concerns over inflation and interest rates. The US military said it destroyed five Iranian crude oil tankers and sank one of them in retaliation for Tehran’s attack on a US warship. Meanwhile, the ECB is widely expected to raise rates by 25 bps tomorrow, with further hikes possible before year-end. Energy-intensive industrials and banks were among the hardest hit. Rheinmetall slipped 3%, making it the worst performer, reversing the gains of the prior day. Beiersdorf dropped nearly 2% after Deutsche Bank downgraded the stock from “Hold” to “Sell.” Deutsche Börse declined 1.7% as investors reacted to its plans to issue a €600 million convertible bond to finance general corporate purposes and liabilities.
