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
The UK 10-year gilt yield eased to around 5.0%, following lower US Treasury yields as investors continued to monitor developments in the Middle East. Although energy markets started the week relatively calmly, the risk of a prolonged conflict remains a concern for inflation. Despite retreating from its July peak, Brent crude is still around 45% higher since the start of the year. The Bank of England left interest rates unchanged in July, with Governor Andrew Bailey saying the disinflation process remained on track despite external risks. Markets are now focused on the UK inflation report due this week, with expectations pointing to a rise in headline inflation to a four-month high, while the core rate is expected to moderate. In the US, markets continue to scale back expectations of a September Federal Reserve rate hike. Meanwhile, tensions remain elevated after Iran called on Washington to accept defeat, while President Donald Trump warned of persistently high fuel prices.
