Financial Markets Daily Report08 julio 2026
Oil prices rose after attacks near the Strait of Hormuz renewed concerns about disruptions to oil shipments and the US tightened sanctions on Iranian crude. Brent climbed 3.0%, above $74 per barrel, while TTF gas jumped by more than 5% and gold fell.
Sovereign yields rose across the board, while euro area peripheral spreads remained stable, as rising oil prices, driven by attacks near the Strait of Hormuz, heightened geopolitical concerns. In the US, sovereign yields rose more strongly, as investors also prepared for this week's large debt auctions.
Stocks fell and volatility increased, as investors questioned the sustainability of the AI-driven rally, weighing particularly on the Nasdaq (-1,2%) and Asian indices. In currency markets, the dollar edged higher, while the yen remained near multi-decade lows as investors monitored the risk of intervention by Japanese authorities.