- Equities: US and Asia tech led gains last week on AI/earnings optimism, while Europe pulled back from record highs. Nikkei 225 remains 2026’s top performer YTD +35%.
- Bonds: Yields rose after renewed Middle East strikes pushed oil higher and Fed minutes showed some officials backing another hike. 10-yr UST at 4.57%.
- Commodities: Oil jumped 2-5% as US revoked Iran’s export waiver and tankers were hit in Hormuz. Gold fell to ∼$4,138 as rate-hike odds increased. Silver near $60.46.
- Crypto: Bitcoin trading ∼$63,800 after hitting $64,500 earlier Friday. Stablecoin firm Circle +5% on trust bank approval.
- Geopolitics: US strikes in Iran + revocation of oil waiver reignited inflation fears. Shipping through Strait of Hormuz disrupted again.
Global Asset Classes
Global Stocks
- US: S&P 500 7,575.39 +0.42% Fri, +1.23% wk; Dow 52,637.01 +0.29%; Nasdaq 26,281.61 +0.29%; Russell 2000 2,943.98 +0.79% Fri, +3.89% wk. YTD: Nasdaq +13.08%, S&P +10.66%, Dow +9.52%.
- Canada: S&P/TSX Composite futures up 0.35% pre-mkt on oil. TSX YTD +11.2%.
- Mexico: S&P/BMV IPC – No direct July 12 data; LatAm mixed as Brazil Ibovespa +2.97% Fri.
Global Bonds
- US: 10-yr yield 4.57%, up 7bp wk on Iran oil fears. Fed minutes show “a few” saw case to hike.
- Euro Area: AAA 10Y 3.03%. Bunds sold off as oil jumped.
- Inflation: Markets repriced Sept Fed hike odds to 69% from 62% after oil surge.
Global Oil
- WTI: $71.83 -2.3% Thu but $75.55 Fri +$1.48 after US revoked Iran waiver.
- Brent: $76.05 -2.5% Thu; $79.87 Fri. Forecasts: J.P.Morgan sees $85 2026, BofA $82.
Global Gold & Silver
- Gold: Spot $4,138.39 -0.6%; Futures $4,148.50. 2026 forecasts: BofA $4,360 avg, JPM $4,545.
- Silver: $60.46 -2.6%, near 2026 lows.
Global Crypto
- Bitcoin: ∼$63,800 late Fri, peak $64,500. Open/close not given in sources, but up ∼65% YTD per earnings context.
Regional Equity Breakdown
North America
- DJIA: 52,637.01 +0.29%. Weekly -0.50%.
- S&P 500: 7,575.39 +0.42%. +20.62% Ann. chg.
- NASDAQ Composite: 26,281.61 +0.29%. YTD +13.08%.
- Russell 2000: 2,943.98 +0.79% Fri, +3.89% wk.
- NYSE Composite: Not in data.
- S&P/TSX Composite: Futures +0.35%. YTD +11.2%.
Latin America
- Bovespa / Ibovespa: 177,866.00 +2.97% Fri, +2.18% wk. YTD +10.55%.
- S&P Merval: 3,280,223.50 +2.43%.
- S&P IPSA: Not in current data.
Europe
- DAX: 25,067.09 -0.20%. Hit record Mon then retreated. YTD +2.99%.
- FTSE 100: 10,497.29 +0.24%. YTD +6.35%.
- CAC 40: 8,338.97 +0.15%. YTD +2.90%.
- EURO STOXX 50: 6,267.56 -0.24%. YTD +9.01%.
- AEX: 1,084.99 +0.07%.
- IBEX 35: 19,384.70 +0.32%.
- FTSE MIB: 52,614.17 +0.44%.
- SMI: Not listed.
- BEL 20: 5,594.08 -0.95%.
- ATX: 6,484.89 +0.43%. YTD +23.59%.
- OMXS30: Not in data.
- OMXC25: Not in data.
- WIG20: Not in data.
- MOEX Russia Index: Not in data.
Asia-Pacific
- Nikkei 225: 68,557.73 +1.20% Fri. YTD +35.09%, leading global majors.
- Shanghai Composite: 4,085.8 +0.1%. YTD +5.0% as of Jan.
- Hang Seng Index: 24,158 +0.75%. YTD -0.95%.
- SZSE Component: Not listed.
- China A50: Not listed.
- Taiwan Weighted Index: Not listed.
- KOSPI: Fell 6.7% Tue on Samsung selloff despite 19x profit jump. YTD +71.2%.
- NIFTY 50: ETF 53.835 +0.30%; SBI ETF 260.02 +0.82%. India BSE SENSEX YTD -11.4%.
- S&P BSE Sensex: YTD -11.4%.
- S&P/ASX 200: 8,806.00 +0.50%. YTD +1.05%.
- All Ordinaries: Not listed.
- NZX 50: Not listed.
- SET Index: Not listed.
- JKSE: Not listed.
- FTSE Bursa Malaysia KLCI: 1,676.8 +0.3%.
Middle East & Africa
- Tadawul All Share: Not in data.
- TA‑35: Not in data.
- BIST 100: Not in data.
Key Drivers This Weekend
- Middle East: US revoked Iran oil waiver & struck sites after tanker attacks. Trump said Iran deal “is over”.
- Fed Policy: Minutes show inflation concern; some wanted immediate hike. Rate-hike odds rose.
- Earnings: Q2 season starts this week; S&P 500 earnings seen +24% YoY. Tech +65%.
- Tech: Samsung profit +19x but shares -8% on AI demand worries. SK Hynix +13% in US debut. SpaceX -7% on Nasdaq 100 debut.
