Markets opened the week under pressure as renewed U.S.-Iran hostilities in the Gulf sent oil spiking and pushed bond yields higher on inflation fears. Equities slipped globally, led by a sharp tech/chip selloff. Gold and silver dropped on rate-hike bets, while crude surged and crypto softened.
Global Asset Snapshot
Global Stocks
- Risk-off tone dominated: S&P 500 futures -0.3%, Nasdaq futures -0.9%, Dow futures -0.1% pre-market
- Europe: STOXX 600 finished down 0.01%; European share futures down ∼0.6%
- Asia: Tech rout hit chip-heavy markets; KOSPI closed down nearly 9%, entering bear market territory 25% below June peak
Global Bonds
- U.S. 10-yr yield rose 5.06 bps to 4.62%; 30-yr yield +3.31 bps to 5.104%
- 2-yr yield +6.71 bps to 4.275%, highest since Feb 2025 as markets priced higher-for-longer Fed rates
- Bond futures slid as oil-driven inflation risk increased
Global Oil
- Brent jumped to ∼$83.30/bbl, +9.6% intraday, biggest gain since May 2020 on Strait of Hormuz tensions
- WTI futures +2.7% to $72.40; earlier trade saw WTI near $74
- Strait of Hormuz transits fell sharply; only 6 vessels Sunday, lowest in 5 weeks
Global Gold
- Spot gold fell 3% to $3,998.52/oz
- Gold futures down 1% to $4,070/oz
- Pressured by rising yields and inflation/rate-hike outlook
Global Silver
- Spot silver fell 3.8% to $57.56/oz
- Futures -3.5% to $57.77/oz
Global Crypto – Market Open/Close
- Bitcoin trading ∼$63,000, down from weekend high $64,500
- Crypto-related equities weak: Coinbase Global -1.07% at $157.37
Regional Index Breakdown – July 13, 2026
North America
- DJIA: Futures -0.1%
- S&P 500: Futures -0.3%
- NASDAQ Composite: Futures -0.9%; index fell 1.6% in prior session on chip selloff
- Russell 2000: Not specified in data
- NYSE Composite: Not specified in data
- S&P/TSX Composite: TSX futures +0.1% as oil gains lifted energy-heavy index
- S&P/BMV IPC: Not specified in data
Europe
- DAX: Not specified in data
- FTSE 100: Not specified in data
- CAC 40: Not specified in data
- EURO STOXX 50: Pan-European STOXX 600 -0.01%
- AEX: Not specified in data
- IBEX 35: Not specified in data
- FTSE MIB: Not specified in data
- SMI: Not specified in data
- BEL 20: Not specified in data
- ATX: Not specified in data
- OMXS30: Not specified in data
- OMXC25: Not specified in data
- WIG20: Not specified in data
- MOEX Russia Index: Not specified in data
Asia-Pacific
- Nikkei 225: Led Asian markets lower
- Shanghai Composite: Not specified in data
- Hang Seng Index: Not specified in data
- SZSE Component: Not specified in data
- China A50: Not specified in data
- Taiwan Weighted Index: Not specified in data
- KOSPI: Closed down nearly 9%, under 7,000, in bear market
- NIFTY 50: Not specified in data
- S&P BSE Sensex: Not specified in data
- S&P/ASX 200: Not specified in data
- All Ordinaries: Not specified in data
- NZX 50: Not specified in data
- SET Index: Not specified in data
- JKSE: Not specified in data
- FTSE Bursa Malaysia KLCI: Not specified in data
Middle East & Africa
- Tadawul All Share Index: Not specified in data
- TA‑35: Not specified in data
- BIST 100: Not specified in data
Latin America
- Bovespa / Ibovespa: Not specified in data
- S&P Merval: Not specified in data
- S&P IPSA: Not specified in data
Key Drivers Today
- U.S.-Iran strikes and conflicting Strait of Hormuz status lifted oil, yields
- Chip/AI stocks sold off: SK Hynix -15% in Seoul, -9.3% U.S. listing; Micron, Intel, Marvell, ARM -4%+
- Earnings week begins: Big banks, Netflix, GE report; Fed Chair Warsh testifies to Congress
- Traders now see 71% chance of Fed rate hike in September
