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
Palladium futures climbed toward $1,370 per ounce, remaining near more than two-month highs as reduced expectations for a Federal Reserve rate hike and broader strength across precious metals supported demand. Markets price in about a 50% chance of a September Fed hike, down from 60% before last week’s weaker-than-expected US jobs report, with lower rates generally supporting non-yielding precious metals. Meanwhile, heightened geopolitical tensions supported precious metals, as attacks on shipping by the US and Yemen’s Iran-aligned Houthis and uncertainty over the Iran conflict kept safe-haven demand elevated. On the supply front, concerns over disruptions in South Africa and uncertainty over Russian exports continue to support prices, with extended maintenance at South African processing facilities reducing refined PGM output amid tight inventories. Over the past month, palladium has risen 9.58% and is up 21.67% year-on-year.
