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
US gasoline futures fell to around $3.0 per gallon, extending their retreat from a one-month high of $3.10 on July 8, as continued technical talks between the US and Iran despite renewed hostilities prompted markets to reassess the supply outlook. Both sides have stopped short of all-out war, and Washington said it remains committed to finding a solution, while some provisions of their interim agreement remain in effect. Although security conditions in the Strait of Hormuz have deteriorated and tanker traffic has slowed, investors expect the waterway to remain open. Selected laden tankers from the UAE continued to load and sail, reducing fears that exports from the region could come to a standstill. The prospect of a crude supply glut amid higher OPEC+ output also weighed on prices, though concerns remained over whether global refineries have sufficient capacity to process the additional supply.
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