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
European natural gas prices rose to around €45.8 per MWh on Tuesday, recouping losses from the previous session amid forecasts of a renewed heatwave in the region. Weather models indicate that another spell of extreme heat is set to hit Northwest Europe, which is expected to significantly boost air-conditioning use and power demand. The increase in demand comes as the region’s gas inventories remain relatively low, with storage facilities currently around 49% full, well below the nearly 60% level recorded at the same time last year. This has heightened concerns over whether Europe will be able to rebuild sufficient reserves ahead of winter. Moreover, market participants noted that LNG inflows into Europe have not yet risen enough to ease regional supply constraints, even as shipping activity through the Strait of Hormuz surged. Separately, Iran reportedly fired missiles at commercial ships transiting the Strait on Monday, testing its deal with the US to stop hostilities.
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