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
Zinc futures held around $3,560 per tonne, staying close to a four-year high as a reported fire at a sulphuric acid unit at a South Korean zinc smelter added to supply concerns. This followed recent disruptions at key facilities, with Glencore’s Kazzinc in Kazakhstan continuing to run at reduced capacity after an explosion, Nexa’s Cajamarquilla smelter in Peru gradually restarting operations following fire-related damage, and uncertainty over output at Boliden’s Garpenberg mine after seismic activity earlier this year. Also supporting prices, improving manufacturing data from China, Europe, and the US pointed to resilient industrial activity despite elevated input costs. However, the supply-demand outlook remained mixed, with China’s refined zinc production rising 9.4% year-on-year in May and Shanghai Futures Exchange inventories edging up 0.6%, indicating stable supply conditions. Renewed tensions in the Middle East also clouded the demand outlook for industrial commodities.
