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
Gasoline futures for delivery in New York Harbor steadied around $3.30 per gallon, following a more than 4% decline in the previous session, as markets assessed the viability of peace efforts in the US–Iran conflict. Reports indicated that the US military carried out a self-defense strike in Iran, following President Donald Trump’s push for an interim deal between Tehran and Washington that includes provisions to reopen the Strait of Hormuz. Energy markets have been highly volatile since the war broke out in early March. Disruptions to oil and refined product flows have also accelerated the drawdown in global inventories at a record pace, according to the IEA. Meanwhile, US gasoline inventories fell for a 14th straight week in mid-May, as refineries operated near full capacity using SPR feedstock. Output was also adjusted as refiners shifted yields toward distillates in an effort to mitigate tightening supplies of diesel and jet fuel.
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