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
UK 10-year gilt yields rose to 4.91% as oil prices surged after another round of US strikes on Iran, with disputes over the Strait of Hormuz’s status intensifying. The US Central Command reported targeting dozens of sites to weaken Iran’s ability to threaten regional shipping, while Iran announced the strait would remain closed “until further notice.” The uncertainty heightened inflation concerns, leading investors to bet on further Bank of England rate hikes, with markets pricing in at least one increase this year and a strong chance of a second. On the political front, Andy Burnham is set to become the new Labour party leader when the leadership contest ends on Friday, July 17, and is expected to be officially appointed as prime minister on Monday, July 20.
