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
UOB strategists note that Brent crude has just recorded its largest monthly percentage decline since December 2025, despite briefly spiking above USD 126/bbl on renewed Strait of Hormuz concerns. West Texas Intermediate (WTI) remains elevated on the week, and Oil has booked a second consecutive weekly gain, supported by geopolitical tensions and US policy rhetoric.
Prices retreat after sharp geopolitical spike
“Brent crude briefly surged past USD126/bbl handle on early trading session last Thu as stalled US-Iran talks raised doubts over the reopening of the Strait of Hormuz.”
“Oil held its second weekly gain as US President Donald Trump said he was sticking with a naval blockade of Iranian ports.”
“Brent crude for nearest month delivery settled at USD114/bbl on 30 Apr before several of the developed markets (except US and UK) were away for a Labor Day holiday, down 3.4% viz its previous close.”
“In Apr, Brent crude marked the largest one-month percentage decline since Dec 2025.”
“WTI crude was near USD106/bbl, up 12% for the week.”
