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
US natural gas futures rose toward $2.90 per MMBtu but remained close to a two-month low amid adequate domestic supply and weaker LNG export flows. Gas inventories were 6.4% above their five-year seasonal average as of July 10, signaling comfortable supply conditions. On top of that, average gas output in the Lower 48 states rose to 110.5 bcfd so far in July from 110.0 bcfd in June. Meanwhile, gas flows to major LNG export terminals declined to 17.3 bcfd in July so far from 17.4 bcfd in June, partly due to scheduled maintenance at Freeport LNG’s export facility in Texas, reducing the amount of gas being processed for exports and leaving more supply available in the domestic market. Tropical Storm Bertha also poses a potential threat to LNG export facilities along the Gulf Coast in the coming days. The ample supply situation in the US contrasts with tighter LNG availability for European and Asian buyers, as flows from the Persian Gulf have been disrupted amid renewed US-Iran tensions.
