Market Snapshot, 3 August 2026
August 3, 2026Market Snapshot, 06 August 2026
August 6, 2026Global markets kicked off August on a strong note, with Wall Street hitting record highs, European equities climbing to fresh peaks, and Asian markets trading mixed amid oil price volatility and ongoing U.S.–Iran tensions. Commodities rebounded slightly, with Brent crude at $84.39 and gold steady near $4,055 per ounce.
📈 U.S. Markets
- Dow Jones: +704.52 pts (1.34%) → 53,189.55 (record close)
- S&P 500: +110.89 pts (1.48%) → 7,600.61
- Nasdaq Composite: +539.01 pts (2.12%) → 25,912.86
- Drivers:
- Tech stocks surged — Amazon crossed $3 trillion market cap, Microsoft +5%, Meta +6%, Alphabet +5%.
- Oil prices dropped ~7% after Trump halted strikes on Iran, easing inflation fears.
- Treasury yields eased slightly, 10-year at 4.68%.
🇪🇺 European Markets
- Euro Stoxx 50: 6,459.70 (+1.14%)
- Stoxx 600: 652.09 (+0.5%, near record high)
- DAX (Germany): 26,131.60 (+1.45%)
- CAC 40 (France): 8,613.82 (+1.22%)
- FTSE 100 (UK): -0.1%
- Highlights: SAP +4.4%, Deutsche Telekom +5%. Travel & leisure sector led gains (+2.1%), while energy stocks fell.
🌏 Asian Markets
- Nikkei 225 (Japan): -0.3% → 63,585.58
- Kospi (South Korea): volatile, intraday +3% but closed -2%
- Kosdaq (South Korea): +3%
- Hang Seng (Hong Kong): -0.5% → 25,881.99
- Shanghai Composite (China): +0.2% → 3,802.61
- S&P/ASX 200 (Australia): +1.2% → 9,129.00
- Drivers: Mixed sentiment as investors weighed Wall Street rally, yen intervention, and oil price swings.
🛢️ Commodities
- Brent Crude: $84.39/bbl (+0.7%)
- WTI Crude: $80.95/bbl (+0.7%)
- Gold: $4,055/oz (steady)
- Silver: $58.08/oz (flat)
- Notes: Oil rebounded slightly after Monday’s 7% plunge. Gold held steady as safe-haven demand eased but dollar weakness provided support.
📊 FX & Bonds
- USD Index: ~100 (two-month low)
- EUR/USD: 1.1505
- GBP/USD: 1.3420
- USD/JPY: 157.60 (after U.S.–Japan intervention)
- 10-year U.S. Treasury yield: 4.68%
🔑 Key Takeaways
- Wall Street strength: Tech-led rally pushed indices to record levels.
- Europe: Equities at fresh highs, buoyed by lower energy costs and strong earnings.
- Asia: Mixed, with South Korea volatile and Japan slipping despite global optimism.
- Commodities: Oil rebounded modestly; gold steady as geopolitical risk premium faded.
- Outlook: Focus shifts to SpaceX earnings (first post-IPO), U.S. jobs data later this week, and ongoing U.S.–Iran diplomacy.
