Market Monitor

Generated: 2026-09-04 08:29 SGT | Phase 4g | Returns in local index currency unless noted

VIX14.3

S&P 500 1D+1.06%

US 10Y 1M+16bps

Gold/Copperrisk-off ▲ +0.85%

Data flags12

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	14.3	-5.79%	-1.31%	-9.42%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	67.0	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	677.4	—	—	—

Futures-based: GC=F (Gold), SI=F (Silver), HG=F (Copper). Spot sources attempted and failed.

Section 1 — Equity Indices

Returns in local index currency. See Section 6 FX table for USD currency impact. ETF proxies: ACWI, URTH, EEM. Colour: moves within ±1% render neutral grey (D5, review after one week); the signed number always carries direction.

Index	Level	1D	1W	1M	3M
Global
MSCI ACWI ACWI as of 2026-09-02 00:00:00	160.16	+0.46%	-0.46%	-0.29%	+1.61%
MSCI World URTH as of 2026-09-02 00:00:00	208.00	+0.47%	-0.46%	-0.59%	+2.32%
MSCI EM EEM as of 2026-09-02 00:00:00	67.15	+0.57%	-0.03%	+1.74%	-3.46%
Americas
S&P 500 ^GSPC as of 2026-09-03 00:00:00	7,747.71	+1.06%	+0.22%	+0.31%	+2.15%
Nasdaq 100 ^NDX as of 2026-09-03 00:00:00	29,482.32	+1.16%	-0.54%	-0.02%	-3.04%
TSX Composite ^GSPTSE as of 2026-09-03 00:00:00	36,633.12	+1.50%	-0.55%	+1.35%	+4.02%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-09-02 00:00:00	6,362.15	-0.11%	-1.68%	-1.92%	+4.95%
FTSE 100 ^FTSE as of 2026-09-02 00:00:00	10,756.50	-0.30%	-1.19%	-0.93%	+3.82%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-04 00:00:00	64,385.16	+0.09%	-2.64%	+0.67%	-4.57%
STI ^STI as of 2026-09-02 00:00:00	5,744.11	+0.59%	+0.39%	+2.35%	+13.35%
ASX 200 ^AXJO as of 2026-09-04 00:00:00	9,046.90	+0.76%	+0.10%	-1.96%	+4.89%
CSI 300 000300.SS as of 2026-07-17 00:00:00	4,529.10	-3.60%	-5.26%	-8.16%	-3.33%
HSCEI ^HSCE as of 2026-09-02 00:00:00	8,450.10	-0.15%	-0.98%	-1.45%	-1.70%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-09-02 00:00:00	160.16	+11.17%	+22.73%	+76.75%	+68.56%	+225.48%
MSCI World URTH as of 2026-09-02 00:00:00	208.00	+10.89%	+20.93%	+76.07%	+71.27%	+239.55%
MSCI EM EEM as of 2026-09-02 00:00:00	67.15	+14.31%	+37.42%	+83.56%	+46.79%	+126.26%
Americas
S&P 500 ^GSPC as of 2026-09-03 00:00:00	7,747.71	+13.42%	+20.15%	+72.26%	+73.33%	+256.14%
Nasdaq 100 ^NDX as of 2026-09-03 00:00:00	29,482.32	+17.83%	+25.91%	+91.74%	+92.97%	+516.33%
TSX Composite ^GSPTSE as of 2026-09-03 00:00:00	36,633.12	+8.99%	+27.41%	+80.19%	+78.66%	+149.28%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-09-02 00:00:00	6,362.15	+10.23%	+18.88%	+50.33%	+51.81%	+114.91%
FTSE 100 ^FTSE as of 2026-09-02 00:00:00	10,756.50	+2.60%	+17.20%	+44.85%	+50.69%	+56.83%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-04 00:00:00	64,385.16	+10.90%	+51.10%	+94.09%	+128.98%	N/A
STI ^STI as of 2026-09-02 00:00:00	5,744.11	+16.83%	+34.33%	+78.22%	+84.73%	+102.47%
ASX 200 ^AXJO as of 2026-09-04 00:00:00	9,046.90	+2.21%	+1.98%	+26.41%	+22.76%	+72.65%
CSI 300 000300.SS as of 2026-07-17 00:00:00	4,529.10	-5.18%	+14.14%	+17.28%	-9.35%	N/A
HSCEI ^HSCE as of 2026-09-02 00:00:00	8,450.10	-4.62%	-6.94%	+27.03%	-16.77%	N/A

Section 2 — Government Bond Yields, Cash Rates & Spreads

All changes in basis points (bps). Positive bps = rate rose (red). Monthly series: 1D/1W changes N/A. Colour: changes within ±10bps render neutral grey (D4).

Market / Instrument	Rate	1M Δbps	3M Δbps	1Y Δbps
United States (FRED, daily)
Cash Rate	3.63%	0bps	0bps	-1bps
2Y Yield	4.39%	+19bps	+31bps	+80bps
10Y Yield	4.79%	+16bps	+30bps	+56bps
30Y Yield	5.27%	+9bps	+28bps	+35bps
↳ 2-10 Spread	+40bps
↳ 3M-10Y Spread (NY Fed recession)	+87bps
Canada (BoC Valet API)
Cash Rate	2.30%	-3bps	+2bps	-46bps
2Y Yield	3.11%	+28bps	+30bps	+42bps
10Y Yield	3.80%	+25bps	+37bps	+38bps
30Y Yield ("Long" bond)	4.18%	+22bps	+38bps	+33bps
Eurozone (ECB API, daily — AAA euro govt composite)
Cash Rate ⚠️sparse (policy rate)	2.25%	+25bps	+25bps	0bps
2Y Yield	2.91%	+25bps	+31bps	+101bps
10Y Yield	3.39%	+25bps	+30bps	+65bps
30Y Yield	3.78%	+19bps	+22bps	+51bps
United Kingdom (BoE yield curve ZIP — 2Y/30Y par; IADB fallback)
Cash Rate	3.75%	0bps	0bps	-25bps
2Y Yield	4.42%	N/A	N/A	N/A
10Y Yield	5.24%	N/A	N/A	N/A
30Y Yield	5.99%	N/A	N/A	N/A
Japan (MoF CSV daily — 2Y/10Y/30Y; FRED monthly cash rate)
Cash Rate ⚠️monthly	0.84%	+11bps	+11bps	+36bps
2Y Yield	1.85%	N/A	N/A	N/A
10Y Yield	3.01%	N/A	N/A	N/A
30Y Yield	4.12%	N/A	N/A	N/A
Singapore (MAS SGS daily — 6M T-bill + 2Y/5Y/10Y/30Y)
Cash Rate	1.57%	N/A	N/A	N/A
2Y Yield	1.72%	N/A	N/A	N/A
10Y Yield	2.39%	N/A	N/A	N/A
30Y Yield	2.47%	N/A	N/A	N/A
Australia (RBA xlsx daily — f01d/f02d; FRED monthly fallback)
Cash Rate	4.35%	0bps	0bps	+75bps
2Y Yield	4.62%	+4bps	+5bps	+126bps
10Y Yield	5.02%	+5bps	+12bps	+69bps
China (ChinaBond daily — 0Y proxy/2Y/10Y/30Y; FRED cash rate fallback)
Cash Rate	0.93%	N/A	N/A	N/A
2Y Yield	1.24%	N/A	N/A	N/A
10Y Yield	1.68%	N/A	N/A	N/A
30Y Yield	2.13%	N/A	N/A	N/A

Section 3 — Credit (OAS)

OAS in basis points. Widening = red (credit risk rising). Tightening = green. FRED ICE BofA series. Colour: changes within ±2bps render neutral grey (D3 default band).

Index	OAS (bps)	1M Δbps	3M Δbps	1Y Δbps
US IG OAS (ICE BofA US Corporate)	81bps	+3bps	+7bps	+5bps
US HY OAS (ICE BofA US High Yield)	266bps	-7bps	-10bps	-13bps
EUR HY OAS (ICE BofA Euro HY)	262bps	-5bps	+3bps	-18bps
EUR IG OAS	Data gap — no ICE BofA EUR IG OAS series available on FRED.
GBP IG OAS	Data gap — no FRED series confirmed. ETF price proxy (SLXX.L) excluded: price ≠ OAS.

Section 4 — REITs

ETF	Price	1D	1W	1M	3M
US REITs (Vanguard Real Estate) VNQ as of 2026-09-02 00:00:00	95.78	-0.54%	-2.87%	-3.17%	+2.35%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-02 00:00:00	44.70	+0.59%	-2.10%	-3.37%	+0.09%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-09-02 00:00:00	95.78	+2.22%	+9.68%	+32.02%	+9.66%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-02 00:00:00	44.70	-7.78%	+0.63%	+27.76%	-6.28%

Section 5 — Commodities

All commodities: yfinance front-month futures. Returns in USD.

Commodity	Level	1D	1W	1M	3M	1Y
WTI Crude Oil CL=F front-month futures as of 2026-09-03 00:00:00	91.58 USD/bbl	+0.63%	+9.64%	+21.75%	-1.57%	+43.16%
Brent Crude Oil BZ=F front-month futures as of 2026-09-03 00:00:00	95.68 USD/bbl	+0.05%	+6.67%	+20.43%	+0.68%	+41.54%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-09-03 00:00:00	2.93 USD/MMBtu	-1.01%	+0.65%	+8.85%	-12.29%	-4.50%
Gold GC=F front-month futures as of 2026-09-03 00:00:00	4,523.40 USD/oz	+3.60%	-1.87%	+6.54%	+1.06%	+25.89%
Silver SI=F front-month futures as of 2026-09-03 00:00:00	67.49 USD/oz	+4.28%	-2.79%	+8.68%	-8.52%	+62.46%
Copper HG=F front-month futures as of 2026-09-03 00:00:00	6.68 USD/lb	+2.71%	+1.37%	-0.38%	+2.56%	+46.48%
Broad Commodities (DJP) DJP ETN proxy as of 2026-09-03 00:00:00	51.97 price	-0.13%	+2.57%	+12.10%	+7.07%	+49.73%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-09-02 00:00:00	16.58 price	+4.97%	+10.09%	+19.19%	+31.38%	+106.73%

Section 6 — Currencies & Digital Assets vs USD

All as "USD per 1 unit of foreign currency". Positive % = that currency strengthened vs USD. ⚠️ Direction verified on first run. JPY/CAD/SGD/CNY are inverted FRED series.

Currency / Asset	Rate (USD/unit)	1D	1W	1M	3M	1Y
CAD/USD	0.7197	-0.30%	-0.94%	+0.78%	-0.80%	-0.52%
EUR/USD	1.1598	-0.48%	-0.74%	+0.66%	-0.69%	-0.51%
GBP/USD	1.3555	-0.33%	-0.65%	+0.68%	+0.59%	+0.52%
JPY/USD	0.0063	-0.44%	-0.66%	-0.31%	-0.46%	-7.92%
SGD/USD	0.7847	-0.28%	-0.41%	+0.60%	+0.06%	+0.80%
AUD/USD	0.7166	-0.44%	-0.17%	+2.05%	-0.35%	+10.25%
CNY/USD	0.1487	-0.09%	-0.07%	+0.43%	+0.60%	+6.33%
Bitcoin 24/7; midnight UTC ref	$81,165	+5.00%	+3.73%	+28.02%	+32.01%	-6.96%

Sources: FRED (Federal Reserve Bank of St. Louis) · ECB Statistical Data Warehouse · Bank of England yield curve ZIP (par curve) / IADB fallback · Bank of Canada Valet API · RBA Statistics (xlsx) · MAS SGS Benchmark Prices · Japan MoF JGB CSV (daily par yields) / FRED monthly fallback · yfinance · ICE BofA Indices via FRED

Methodology: Equity/REIT/commodity returns use adjusted close, trading-day lookback, local currency. Bond/rate changes in basis points (absolute). OAS in bps from FRED % values (widening=red). FX as USD per 1 unit of foreign currency (positive % = foreign currency strengthened vs USD). All commodities: yfinance front-month futures (Phase 2k — EIA spot retired due to T+2 lag).

Monthly series (⚠️monthly): Japan cash rate — FRED monthly (no free daily source). Japan 10Y — MoF CSV daily if available, else FRED monthly. Australia — FRED monthly fallback if RBA xlsx fetch fails. Sparse policy rate (⚠️sparse): ECB DFR updates on 6-week meeting cycle — not a monthly source. 1D/1W changes N/A for monthly series.

30Y yields note: UK = BoE ZIP par curve 30Y (Phase 2h); falls back to IADB 20Y (IUDLNPY) if ZIP unavailable. Canada = BoC "Long" bond (BD.CDN.LONG.DQ.YLD; verify label on first run). Australia = permanent gap (RBA F2 table goes to 10Y only). China = ChinaBond 30Y govt yield curve (daily spot).

China sources (Phase 2i): Cash rate = ChinaBond 0Y proxy (daily); 2Y/10Y/30Y = ChinaBond yield curve (daily). FRED PBOC LPR monthly retained as cash rate fallback if ChinaBond unavailable.

Data flags:

EQUITY: ACWI: ⚠️ VERIFY — newest print 2026-09-02, but NYSE has closed 2026-09-03: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: URTH: ⚠️ VERIFY — newest print 2026-09-02, but NYSE has closed 2026-09-03: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: EEM: ⚠️ VERIFY — newest print 2026-09-02, but NYSE has closed 2026-09-03: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^STOXX50E: ⚠️ VERIFY — newest print 2026-09-02, but XETRA has closed 2026-09-03: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^FTSE: ⚠️ VERIFY — newest print 2026-09-02, but LSE has closed 2026-09-03: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^STI: ⚠️ VERIFY — newest print 2026-09-02, but SGX has closed 2026-09-03: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: 000300.SS: ⚠️ STALE — last updated 2026-07-17
EQUITY: 000300.SS: ⚠️ STALE — newest print 2026-07-17, but SSE has closed 2026-09-03: 10 sessions behind
EQUITY: ^HSCE: ⚠️ VERIFY — newest print 2026-09-02, but HKEX has closed 2026-09-03: one session behind (stale feed, or a market holiday not in our calendar)
REITS: VNQ: ⚠️ VERIFY — newest print 2026-09-02, but NYSE has closed 2026-09-03: one session behind (stale feed, or a market holiday not in our calendar)
REITS: VNQI: ⚠️ VERIFY — newest print 2026-09-02, but NYSE has closed 2026-09-03: one session behind (stale feed, or a market holiday not in our calendar)
COMMODITIES: BDRY: ⚠️ VERIFY — newest print 2026-09-02, but NYSE has closed 2026-09-03: one session behind (stale feed, or a market holiday not in our calendar)

Generated 2026-09-04 08:29 SGT | Market Monitor Phase 4g

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