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
Copper futures fell to around $6.16 per pound, giving back some of last week’s gains as escalating tensions in the Middle East kept inflationary pressures and interest-rate hike expectations in focus, clouding the demand outlook for industrial metals. The US carried out its fourth strike in a week against Iran on Sunday in retaliation for an Iranian attack on a Cyprus-flagged container ship. Tehran declared that the Strait of Hormuz would be closed “until further notice,” though the claim was dismissed by the US Central Command. Rising oil prices revived concerns over inflation and tighter monetary policy, with markets expecting the Federal Reserve to raise interest rates at least once before the end of the year. Investors are now awaiting key US inflation data and Fed Chair Kevin Warsh’s appearance before the US Congress this week. Copper, widely regarded as a barometer of global economic growth, remained highly sensitive to changes in the economic and monetary policy outlook.
