Week of 13 July 2026
Weekly markets 13 07 2026
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America's grip on global finance is starting to slip and treasury secretary Scott Bessent admits dollar access is "no longer unconditional", as Europe, China and India race to build rival payment rails, a shift that could erode Visa and Mastercard's international margins by over 50%. In micro, the Strait of Hormuz has closed again after fresh US strikes on Iran, sending Brent back toward $85 a barrel and diesel futures up 14% this week, with emergency oil reserves running low. And in market focus, UK pension giant Nest is ploughing up to £1bn into venture capital, part of a push to lift its private markets exposure from 19% to 30% by 2030.
