Global Financial Highlights | Saturday, July 11, 2026

Core Theme: On July 10 local time, Iranian Parliament Speaker Mohammad Bagher Ghalibaf stated that whenever the United States betrays the agreement reached by both sides, Iran is fully prepared for comprehensive defense and will resolutely confront it to safeguard the rights of the Iranian people. Ghalibaf made the remarks while meeting with Indonesian People's Consultative Assembly Chairman Muzani. Ghalibaf noted that Iran has never actively sought war, but the Iranian people will never bow to oppression. According to reports, Iran has further strengthened monitoring of the Strait of Hormuz direction. Data released by international market research firm Kpler on the 10th showed that on July 9, the number of vessels passing through the Strait of Hormuz region dropped from 30 the previous day to 22, marking two consecutive days of declining traffic through the strait. However, tanker data indicates that oil shipments from the Persian Gulf area have not been significantly affected, with no supply disruptions or shipping suspensions. Coupled with active production increases from the UAE and Saudi Arabia, as well as accelerated onshore pipeline construction, international oil prices remain relatively stable with slight declines. Latest quotes: WTI crude at USD 71/barrel; Brent crude back above USD 76/barrel; UAE Murban crude at USD 70/barrel.

Global equity markets showed mixed performance, with A-shares facing significantly increased resistance. Affected by three factors—divergent views from the overnight Federal Reserve FOMC meeting minutes, year-end profit-taking by public funds as the first half performance window closed, and concentrated profit-taking in high-position technology sectors—A-shares initially rose across the board in the morning on the back of overnight liquidity tailwinds, with the Shanghai Composite Index briefly crossing 4070 points. In the afternoon, capital divergence expanded rapidly, with semiconductors and computing power sectors among previously crowded positions selling off heavily on volume. Major indexes closed broadly lower, with the Shanghai Composite losing the 4000-point psychological level. At close, the Shanghai Composite Index reported 3996.16, down 1.00%; Shenzhen Component Index 15046.67, down 2.29%; ChiNext Index 3842.73, plunging 4.37%. US stocks saw a heavy wait-and-see atmosphere, with all three major indices posting modest gains on low trading volume. The Dow Jones closed at 52637.01, up 0.29%; S&P 500 up 0.42%; Nasdaq Composite up 0.29%.

I. Global Stock Markets

US Stocks (Close July 10)

• Dow Jones Industrial Average: 52637.01, +0.29%
• S&P 500 Index: 7575.39, +0.42%
• Nasdaq Composite: 26281.61, +0.29%

European Stocks (Close July 10)

• Germany DAX30: 25067.09, -0.20%
• France CAC40: 8338.97, +0.15%
• UK FTSE 100: 10497.29, +0.24%
• Euro Stoxx 50: 6269.97, -0.23%

Asia-Pacific Stocks (Close July 10)

• Shanghai Composite: 3996.16, -1.00%
• Shenzhen Component: 15046.67, -2.29%
• ChiNext: 3842.73, -4.37%
• Hang Seng Index: 24175.12, +0.60%
• Hang Seng China Enterprises Index: 8039.19, +0.52%
• Hang Seng Tech Index: 4721.66, -0.21%
• Nikkei 225: 68557.73, +1.20%
• Korea KOSPI: 7475.94, +2.52%

II. Commodities

Precious Metals

• Spot Gold: USD 4119.48/oz, -0.11%
• COMEX Gold Futures: USD 4128.90/oz, -0.29%
• SGE Gold 9999: CNY 896.30/g, -0.11%
• Gold T+D: CNY 895.57/g, -0.34%
• SHFE Gold Main: CNY 896.38/g, -0.56%

Energy

• WTI Crude: USD 71.41/bbl, -0.93%
• Brent Crude: USD 76.01/bbl, -0.38%
• UAE Murban Crude: USD 70.97/bbl, -0.56%
• Shanghai Oil (INE) Main: CNY 463.50/bbl, -1.07%

Industrial Metals

• LME Copper: USD 13484.50/ton, +0.03%
• LME Aluminum: USD 3144.00/ton, -2.07%
• SHFE Copper Main: CNY 103790/ton, -0.02%
• Yangtze River Spot No.1 Copper: CNY 104290/ton

III. Currency Indices and Exchange Rates

CFETS RMB Index (Updated July 3): 102.65, +0.06%

RMB Exchange Rates: On July 10, the central parity rate was 6.7989, adjusted up by 47 basis points; onshore RMB at 6.7784, adjusted up by 151 basis points; offshore RMB was also reported.