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 UK 10-year gilt yield fell to around 4.97% as investors assessed stronger-than-expected economic data, interest-rate prospects and ongoing Middle East uncertainty. UK GDP expanded 0.4% quarter-on-quarter in the second quarter, in line with forecasts, following 0.6% growth in the first quarter. June GDP rose 0.3% month-on-month, beating expectations. However, household consumption growth slowed to 0.2% in Q2. On the monetary policy front, the Bank of England left rates unchanged in July, with Governor Andrew Bailey saying the disinflation process remained on track despite ongoing external risks. In the US, recent economic data reinforced expectations that the Federal Reserve may avoid raising rates next month. Meanwhile, uncertainty surrounding the US-Iran conflict and the Strait of Hormuz continued, with little progress reported in efforts to reopen the key shipping route.
