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 MarketUK 10-year gilt yields climbed back to 4.94%, close to their highest level since May 21, as renewed Middle East hostilities stoked fears of a prolonged Iran conflict and pushed oil prices higher, adding to inflation concerns. Brent crude surged over 4% after Iran and Israel exchanged missile strikes, despite calls from President Trump for both sides to cease hostilities and pursue peace talks. Market expectations shifted, with traders now fully pricing in two Bank of England rate hikes this year. However, dovish Monetary Policy Committee member Alan Taylor, who backed the 8-1 decision to hold rates in April, stated that current interest rates are “quite restrictive” and saw no need for further increases to address inflationary pressures. On the economic data front, permanent staff placements fell at the sharpest rate in 10 months in May, with firms citing low confidence and rising costs, according to REC/KPMG data.
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