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
UK 10-year gilt yields fell to 4.89%, retreating from one-month highs and tracking a drop in crude prices as US-Iran peace talks continue despite recent hostilities in the Strait of Hormuz. Earlier this week, Brent crude had surged to two-week highs after US President Trump declared the Iran ceasefire over, though he noted Tehran’s continued interest in a deal. With the UK more reliant on energy imports than many of its neighbors, its markets remain particularly sensitive to oil price fluctuations. Despite the daily decline, gilt yields rose 10 basis points over the week, driven by expectations of a Bank of England rate hike later this year. Money markets are pricing in at least one increase, with a 25% chance of a second. The shift comes as the UK prepares for a leadership transition, with Andy Burnham poised to become the Labour’s leader on Friday, July 17, and set to formally assume the role of prime minister on Monday, July 20.
