- U.S. markets closed: NYSE, Nasdaq, and U.S. bond markets were shut Friday, July 3, 2026, in observance of Independence Day. No open/close prices for U.S. equities, bonds, or U.S.-listed crypto.
- Global risk tone: Soft U.S. payrolls on July 2 cooled Fed rate-hike expectations, lifting gold, silver, and non-U.S. equities into the holiday.
- Commodities: Gold extended gains above $4,100/oz; silver jumped to ∼$60.69/oz. Oil was steady: Brent ∼$72.10/bbl, WTI ∼$68.78/bbl as U.S.-Iran peace talks kept Strait of Hormuz flows in focus.
- Crypto: Bitcoin quoted ∼$62,090.78 on July 3, ticking up 0.1%.
- Bonds: Global long-end yields remain elevated; G7 10y+ bucket above 4.6% for first time since 2004. U.S. 10y-3m spread at 0.67% as of July 2.
Global Macro Assets – July 3, 2026
Global Bonds
- U.S.: Markets closed; 10y Treasury yield ∼4.45% pre-holiday, 10y-3m spread 0.67%. Bond market closed early 2pm ET July 2, full close July 3.
- Eurozone: Germany 10y 2.92%, Netherlands 3.04%, France 3.66%, Italy 3.63%, Greece 3.58%. G7 long bond stress intensifying; 30y UST >5%, UK 30y gilts highest since 1990s.
- UK: 10y gilt 4.75%; yield curve 2y 4.18% to 30y 5.46% on June 18.
- Canada: 10y 3.39%.
- Australia: 10y 4.78%.
Global Oil
- Brent crude: ∼$72.10/bbl, up 0.42% on July 3. Week’s range hit lows since pre-Feb U.S.-Israel-Iran war.
- WTI crude: ∼$68.78/bbl, +0.13%.
- Context: Peace talks with Iran easing Strait of Hormuz risk; flows still ∼10% of normal at 2.1m bpd. Forecasts: Goldman 2026 avg Brent $83, WTI $78; UBS cuts Q3/Q4 2026 Brent to $80.
Global Gold
- Spot gold: $4,116.54/oz July 2, up 2.2% after weak payrolls; settled $4,125.7. July 3 quote: XAU/USD ∼$4,175.695.
- Drivers: Lower rate-hike odds, central bank buying +41 tons in May. 2026 forecasts: Major banks $4,500-$4,700, bull case $5,500-$6,000.
Global Silver
- Spot silver: $60.69/oz July 2, up 2.6%.
- 2026 outlook: J.P. Morgan avg $81, high $85 Q4; Goldman $85-$100; Citi $110 H2 2026 on physical shortage.
Global Crypto
- Bitcoin: $62,090.78, +0.1%.
- Context: Risk assets supported by Fed pause bets; U.S. markets closed so crypto traded thin.
Regional Equity Breakdown – July 3, 2026
Note: U.S. markets closed; values below are last close July 2 unless noted.
North America
- DJIA Dow Jones Industrial Average: 52,900.07, +1.14% on July 2. Closed July 3.
- S&P 500: 7,483.24, flat on July 2. Closed July 3.
- NASDAQ Composite: 25,832.67, -0.80% on July 2. Closed July 3.
- Russell 2000: 3,010.42, +0.33 point on June 30. Closed July 3.
- NYSE Composite: No July 3 print; U.S. exchanges closed.
- S&P/TSX Composite: Futures +0.1% early July 3 on gold strength. Index closed higher July 2; weekly loss.
Latin America
- S&P/BMV IPC (Mexico): No July 3 data; U.S. holiday thinned LatAm volumes.
- Bovespa / Ibovespa (Brazil): 172,788.00, +0.64% on July 2.
- S&P Merval (Argentina): 3,157,091.25, +1.13% on July 2.
- S&P IPSA (Chile): No specific July 3 quote in results.
Europe
- EURO STOXX 50: 6,417.46, +0.79% on July 3.
- DAX (Germany) DAX: 25,797.48, +0.85%.
- FTSE 100 (UK) FTSE 100: 10,677.65, +0.23%; closed up 0.2% at 10,679.03.
- CAC 40 (France) CAC 40: 8,508.07, +0.39%.
- AEX (Netherlands): No July 3 quote; STOXX 600 +0.4%.
- IBEX 35 (Spain) IBEX 35: 19,854.30, +0.93%.
- FTSE MIB (Italy) FTSE MIB: 52,428.18, +1.60% on July 2.
- SMI (Switzerland): No July 3 data.
- BEL 20 (Belgium) BEL 20: 5,813.65, +0.43%.
- ATX (Austria) ATX: 6,565.92, +1.06%.
- OMXS30 (Sweden): No July 3 print.
- OMXC25 (Denmark): No July 3 print.
- WIG20 (Poland): No July 3 print.
- MOEX Russia Index: No July 3 data available.
Asia-Pacific
- Nikkei 225 (Japan) Nikkei 225: 69,744.07, +1.47%. TOPIX 4,064.60, +1.24%.
- Shanghai Composite (China): No July 3 print; last 3,875.79, -0.1%.
- Hang Seng Index (Hong Kong) Hang Seng Index: July ’26 futures latest 22,990, +0.63%. Spot quoted 68.58 CNY for ETF.
- SZSE Component (Shenzhen): No July 3 data.
- China A50: No July 3 data.
- Taiwan Weighted Index: No July 3 data.
- KOSPI (South Korea): Closed ∼6% higher July 3 on chip stocks.
- NIFTY 50 (India) NIFTY 50: 23,989.20, +0.57% on June 16. No July 3 print.
- **S&P BSE Sensex: 76,808.50, +0.71% on June 16.
- S&P/ASX 200 (Australia) S&P/ASX 200: 8,844.40, +1.37%.
- All Ordinaries (Australia): No separate July 3 quote.
- NZX 50 (New Zealand): No July 3 data.
- SET Index (Thailand): No July 3 data.
- JKSE (Indonesia): No July 3 data.
- FTSE Bursa Malaysia KLCI: No July 3 data.
Middle East & Africa
- Tadawul All Share Index (Saudi Arabia): No July 3 print; oil steadies as Hormuz shipping resumes.
- TA-35 (Israel): No July 3 data.
- BIST 100 (Turkey): No July 3 data.
Key Notes
- U.S. holiday means no official open/close for DJIA, S&P 500, NASDAQ, Russell 2000, NYSE Composite, or U.S. bonds/crypto ETFs on July 3.
- Europe hit record highs: STOXX 600 at 651.77 intraday on Fed cut bets.
- Asia mixed: Japan services PMI back to expansion; China services grew slower but overseas demand 20-month high.


