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
BNY’s Bob Savage notes that escalating Middle East tensions and higher U.S. Treasury yields are driving risk-off flows, with the Dollar supported at two‑month highs. He highlights that KRW gained on official support while other EM FX such as MYR, IDR, HUF and INR weakened, suggesting yields are not compensating for risk. The Dollar’s path is tied to conflict, Oil and global risk sentiment.
Dollar holds firm on risk-off flows
“Financial markets reacted sharply, with Brent crude oil rising above $97/bbl and the U.S. dollar strengthening as investors sought safe-haven assets.”
“The renewed conflict has intensified concerns over energy supply disruptions and a potential increase in global inflation pressures.”
“While in other EM FX, MYR, IDR, HUF and INR all suffered, suggesting yields are not enough to offset risks.”
“Overall, the USD is bid at two-month highs, holding steady with focus on JPY and intervention risk.”
“The downside for today revolves around the breakout of more conflict and what it means for oil, the USD and the summer mood for U.S. consumers.”
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