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
Iron ore futures fell toward CNY 700 per ton, approaching 14-month lows amid signs of persistently weak steel demand and abundant global supply. Chinese steelmakers continued to face deteriorating margins and a prolonged property sector downturn, weighing on demand for the key steelmaking ingredient. Industry data showed that China’s daily crude steel output fell 11% in July from the previous month to 2.48 million tons, while daily hot metal production declined 2.2% to 2.2 million tons. Meanwhile, Australian mining giant Fortescue reported higher annual profit, supported by increased iron ore shipments and stronger realized prices. The company posted a record annual shipment of 201.3 million metric tons of iron ore. Elsewhere, Singaporean authorities said they had received reports concerning Radiant World, one of the world’s largest iron ore traders, although no further details were provided.
