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
Gold fell to $4,040 an ounce on Monday, as uncertainty over US-Iran peace talks stoked inflation concerns and reinforced expectations of Federal Reserve interest rate hikes. The precious metal is on track for a fourth straight monthly loss, with a decline of over 10% this month. The US and Iran agreed to halt hostilities in the Gulf and resume talks over the Strait of Hormuz. US President Donald Trump revealed Tehran sought a meeting with an American delegation in Qatar on June 30, following Iran’s missile and drone strikes on US military sites in Kuwait and Bahrain. Trump had earlier warned Iran of severe consequences if it failed to honor a peace agreement. Gold, typically an inflation hedge, loses appeal in high-rate environments as it yields no income. Markets now price in three Fed rate hikes this year, with a 60% chance of a September increase. Investors also await key US jobs data later this week.
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