Japan Foreign Reserves Plunge $79.6 Billion After Record Yen Intervention 
Gold Prices Hold Near $4,500 as Fed Rate Hike Bets Ease 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Oil Prices Rise as Hormuz Tensions Threaten Supply 
UK House Prices Fall for First Time Since 2023 
Singapore Straits Times Index Hits Record High as Banks, Property Stocks Rally 
Jefferies Names 6 Top India Stock Picks Across Key Sectors 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
China Expands Influence in Global Gold Market 
European Stocks Flat as Iran Tensions, ECB Rate Hike Loom 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Asian Currencies Rise as Yen Surges on Fed Rate Outlook 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
US Stock Futures Mixed as Strong Jobs Data Boosts Fed Rate Hike Bets 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
Asian Stocks Rally as AI Optimism Fuels Chipmaker Surge 
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European stock markets closed lower on Friday as renewed military tensions between the United States and Iran rattled investor confidence and intensified concerns about global energy supplies. The escalating conflict weakened risk appetite across financial markets, dragging major European indices into negative territory.
The pan-European Stoxx 600 index declined 0.7%, while Germany’s DAX dropped 1.4%. France’s CAC 40 fell 1.1%, and the UK’s FTSE 100 slipped 0.4% as traders reacted to growing geopolitical uncertainty in the Middle East.
Market sentiment deteriorated after the U.S. Central Command reported that American naval destroyers traveling through the Strait of Hormuz faced missile, drone, and small-boat attacks from Iran on Thursday. In response, the United States launched retaliatory strikes targeting Iranian port facilities in Bandar Abbas and Qeshm.
Iran strongly condemned the attacks, accusing Washington of breaking the fragile ceasefire agreement. Tehran also claimed that U.S. forces targeted Iranian oil tankers near Jask port and nearby coastal regions critical to shipping operations.
The latest conflict disrupted optimism that had recently boosted global equities. Earlier reports suggested Washington and Tehran were nearing a diplomatic framework for renewed peace negotiations expected to begin in Pakistan. Investors had hoped the talks would lead to the reopening of the Strait of Hormuz, a vital global oil shipping route that has remained effectively closed since the conflict intensified in February.
Rising energy prices also pressured corporate stocks. IAG, owner of British Airways, warned that higher jet fuel costs linked to the Iran conflict would reduce annual profits. Intertek shares fell after rejecting a takeover proposal from Swedish investment firm EQT, while Rightmove gained support after maintaining its 2026 outlook driven by AI-powered growth.
Political uncertainty in the UK added further pressure after Prime Minister Keir Starmer’s Labour Party suffered major local election losses to Nigel Farage’s Reform UK party.
