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 MarketBrent crude oil futures surged 13% to around $105 a barrel on Monday, after earlier rallying by as much as 29% amid production cuts from major Middle Eastern producers following disruptions in the Strait of Hormuz. With tanker traffic heavily restricted and exports backing up, several major producers have begun curbing output as storage facilities rapidly fill. Saudi Arabia has reportedly started cutting production, joining the United Arab Emirates, Kuwait and Iraq in reducing supply. The disruption has intensified concerns about global energy shortages and inflation pressures. Prices briefly approached $120 before retreating as leading economies from the Group of Seven considered releasing emergency oil reserves to calm markets. Meanwhile, Iran has selected the son of the late Ayatollah Ali Khamenei as its new Supreme Leader.
