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 MarketThe UK 10-year gilt yield climbed back to 4.752% on Monday as renewed tensions between the US and Iran unsettled markets. Oil and gas prices surged after the US Navy seized an Iranian vessel and Tehran responded by firing at ships and closing the Strait of Hormuz again, reversing hopes of a reopening. Brent and WTI futures jumped around 6%, erasing much of Friday’s decline. Traders have added roughly six basis points to expectations for Bank of England rate hikes this year, though only one increase remains fully priced in. Political risks are also weighing on gilts as controversy grows over Prime Minister Keir Starmer’s appointment of Peter Mandelson as US ambassador. Starmer is set to address parliament on the issue, while further scrutiny is expected as officials involved in the vetting process prepare to give evidence.
