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 below 5% as declining oil prices helped ease short-term inflation concerns. Brent crude retreated from two-month highs after the U.S. and Iran paused hostilities and resumed diplomatic contacts, prompting money markets to slightly scale back expectations for further monetary tightening. Investors now turn their attention to the Bank of England’s policy decision later this week, with policymakers widely expected to leave interest rates unchanged at 3.75%. Recent inflation data has reinforced that view, with annual consumer price growth slowing to a 15-month low of 2.6% in June, below the BoE’s forecasts. A delayed pass-through of higher wholesale energy costs to regulated household bills has also kept UK inflation below that of the U.S. and the euro area, where the European Central Bank is still expected to raise rates again in September or October.
