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
Futures tracking the S&P/TSX Composite Index edged higher on Monday as lower oil prices eased inflation concerns. Crude prices fell further below pre-conflict levels after OPEC+ agreed to raise output targets again from August, while exports through the Strait of Hormuz continued to recover, improving global supply prospects. Meanwhile, expectations for a Federal Reserve rate hike this year eased following last week’s weaker-than-expected US jobs report, shifting the perception to a cooling labor market. These developments supported expectations that the Bank of Canada will keep interest rates on hold, pushing Canadian bond yields lower and easing concerns over borrowing costs, which supported financial stocks and the broader market. The BoC’s next policy decision is due on July 15. Meanwhile, gold prices slipped as the US dollar steadied after last week’s decline, weighing on mining shares.
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