Market Information Wednesday 29 July 2026

The Senate advanced a long-delayed sanctions bill targeting Russian oil sales, aiming to curb funding for Moscow’s war effort in Ukraine. The package also grants tariff authority against the top five buyers of Russian oil and enablers of sanctions evasion, alongside renewed measures against Iran’s energy and weapons sectors. The bipartisan deal, combining Russia and Iran sanctions, cleared the way for an initial vote as lawmakers honored the bill’s namesake, the late Sen. Lindsey Graham.

Asian equities extended a sharp selloff on Wednesday as AI valuation fears deepened, with South Korea’s KOSPI plunging over 11% and Taiwan and Japan also sliding sharply ahead of key tech earnings. SK Hynix shares fell 9% despite operating profit more than sextupling, as investors demanded more than strong results amid growing scrutiny of AI capex returns and circular financing concerns. Oil jumped over 3% after fresh Iran missile attacks, complicating the Federal Reserve’s rate decision, with markets now pricing a real chance of a hike under new Chair Kevin Warsh.

Apple briefly touched a $5 trillion market cap on Tuesday, a day after overtaking Nvidia as the world’s most valuable listed company, with shares up 25% this year. The stock hit a high of $342.89 before closing at $340.08, as investors rotate away from hyperscalers’ heavy AI capex toward Apple’s leaner spending model. The rally comes despite price hikes on MacBooks and iPads amid a global memory shortage, and precedes Thursday’s earnings, Tim Cook’s final call as CEO.

The 6M Euribor decreased with 1 basis point to 2.71% compared to previous business day. The 10Y Swap decreased with 2 basis points to 3.14% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.