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
Platinum futures rose to around $1,670 an ounce, reaching more than a three-week high as softer US inflation data offset concerns over the escalating Middle East conflict. US producer prices unexpectedly fell in June for the first time in nearly a year, and together with surprisingly soft consumer inflation, an interest rate hike this month by the Federal Reserve has been effectively ruled out. This weakened the US dollar to a one-month low, boosting demand for dollar-denominated commodities such as platinum. However, the escalation in hostilities between US and Iran kept oil prices sharply higher, maintaining pressure on the inflation outlook. Meanwhile, platinum prices continued to draw support from expectations of a fourth consecutive global supply deficit this year, as constrained South African mine output, limited recycling supply, and dwindling above-ground inventories kept the physical market tight. Industrial demand also remained resilient, supported by the automotive sector.
