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
Germany’s 10-year Bund yield climbed to 3.05% as oil prices surged following another wave of US strikes on Iran, with both sides locked in a dispute over the Strait of Hormuz. The US Central Command confirmed strikes on dozens of targets to reduce Iran’s ability to threaten shipping, while Iran declared the strait would remain closed “until further notice.” The resulting uncertainty amplified inflation concerns, prompting investors to increase bets on further European Central Bank rate hikes. The ECB, which raised rates in June for the first time since 2023, is now expected to deliver two more hikes over the next year, with the first likely in September, to counter inflation driven by rising fuel costs tied to the Iran conflict. ECB policymaker Yannis Stournaras cautioned on Friday that the central bank is “back to square one” in its fight against high inflation in the eurozone.
