Market Monitor

Generated: 2026-08-26 07:16 SGT | Phase 4g | Returns in local index currency unless noted

VIX15.4

S&P 500 1D+0.32%

US 10Y 1M+1bps

Gold/Copperrisk-off ▲ +0.27%

Data flags9

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	15.4	-2.52%	-2.46%	-17.25%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	68.5	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	705.2	—	—	—

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 2026-08-25 00:00:00	161.08	+0.55%	+0.62%	+4.18%	+2.72%
MSCI World URTH as of 2026-08-25 00:00:00	209.33	+0.41%	+0.28%	+4.01%	+3.30%
MSCI EM EEM as of 2026-08-25 00:00:00	67.25	+1.72%	+2.92%	+5.71%	-1.17%
Americas
S&P 500 ^GSPC as of 2026-08-25 00:00:00	7,677.28	+0.32%	-0.19%	+3.56%	+2.10%
Nasdaq 100 ^NDX as of 2026-08-25 00:00:00	29,209.23	+0.64%	-0.96%	+4.17%	-2.64%
TSX Composite ^GSPTSE as of 2026-08-25 00:00:00	36,957.63	+0.66%	+1.62%	+4.49%	+6.65%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-24 00:00:00	6,447.98	-0.22%	-1.26%	+2.66%	+6.22%
FTSE 100 ^FTSE as of 2026-08-24 00:00:00	10,854.30	+0.35%	+1.25%	+1.10%	+3.33%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-08-24 00:00:00	65,528.09	-0.74%	-5.33%	-1.35%	+0.57%
STI ^STI as of 2026-08-24 00:00:00	5,680.46	-0.15%	-1.53%	+1.77%	+12.08%
ASX 200 ^AXJO as of 2026-08-24 00:00:00	9,103.10	+0.49%	+0.33%	+3.77%	+5.14%
CSI 300 000300.SS as of 2026-08-25 00:00:00	4,552.03	N/A	N/A	N/A	N/A
HSCEI ^HSCE as of 2026-08-24 00:00:00	8,471.36	-1.89%	+0.37%	+2.42%	-0.93%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-08-25 00:00:00	161.08	+10.04%	+21.85%	+80.57%	+71.16%	+226.52%
MSCI World URTH as of 2026-08-25 00:00:00	209.33	+10.46%	+20.32%	+79.84%	+73.80%	+241.91%
MSCI EM EEM as of 2026-08-25 00:00:00	67.25	+7.95%	+35.43%	+88.09%	+50.31%	+121.09%
Americas
S&P 500 ^GSPC as of 2026-08-25 00:00:00	7,677.28	+11.43%	+18.72%	+75.69%	+72.60%	+250.54%
Nasdaq 100 ^NDX as of 2026-08-25 00:00:00	29,209.23	+16.94%	+24.30%	+98.77%	+94.69%	+505.11%
TSX Composite ^GSPTSE as of 2026-08-25 00:00:00	36,957.63	+8.79%	+30.44%	+86.80%	+81.49%	+149.69%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-24 00:00:00	6,447.98	+5.16%	+17.83%	+50.35%	+53.91%	+111.48%
FTSE 100 ^FTSE as of 2026-08-24 00:00:00	10,854.30	+1.59%	+17.14%	+45.40%	+51.81%	+60.06%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-08-24 00:00:00	65,528.09	+15.84%	+56.69%	+99.20%	+125.59%	N/A
STI ^STI as of 2026-08-24 00:00:00	5,680.46	+13.21%	+34.26%	+78.97%	+82.15%	+97.87%
ASX 200 ^AXJO as of 2026-08-24 00:00:00	9,103.10	+0.90%	+1.87%	+26.25%	+21.30%	+67.66%
CSI 300 000300.SS as of 2026-08-25 00:00:00	4,552.03	N/A	N/A	N/A	N/A	N/A
HSCEI ^HSCE as of 2026-08-24 00:00:00	8,471.36	-6.21%	-7.42%	+28.27%	-16.54%	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	4.24%	-9bps	+11bps	+50bps
10Y Yield	4.70%	+1bps	+14bps	+41bps
30Y Yield	5.23%	+7bps	+16bps	+34bps
↳ 2-10 Spread	+46bps
↳ 3M-10Y Spread (NY Fed recession)	+83bps
Canada (BoC Valet API)
Cash Rate	2.25%	-2bps	-2bps	-51bps
2Y Yield	2.96%	0bps	+12bps	+26bps
10Y Yield	3.68%	+3bps	+22bps	+24bps
30Y Yield ("Long" bond)	4.11%	+9bps	+27bps	+26bps
Eurozone (ECB API, daily — AAA euro govt composite)
Cash Rate ⚠️sparse (policy rate)	2.25%	+25bps	+25bps	0bps
2Y Yield	2.80%	+2bps	+27bps	+89bps
10Y Yield	3.28%	+7bps	+25bps	+49bps
30Y Yield	3.73%	+11bps	+24bps	+45bps
United Kingdom (BoE yield curve ZIP — 2Y/30Y par; IADB fallback)
Cash Rate	3.75%	0bps	0bps	-25bps
2Y Yield	4.29%	N/A	N/A	N/A
10Y Yield	5.13%	N/A	N/A	N/A
30Y Yield	5.93%	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	1.69%	N/A	N/A	N/A
10Y Yield	2.89%	N/A	N/A	N/A
30Y Yield	4.04%	N/A	N/A	N/A
Singapore (MAS SGS daily — 6M T-bill + 2Y/5Y/10Y/30Y)
Cash Rate	1.55%	N/A	N/A	N/A
2Y Yield	1.66%	N/A	N/A	N/A
10Y Yield	2.30%	N/A	N/A	N/A
30Y Yield	2.43%	N/A	N/A	N/A
Australia (RBA xlsx daily — f01d/f02d; FRED monthly fallback)
Cash Rate	4.35%	0bps	0bps	+75bps
2Y Yield	4.58%	+4bps	-3bps	+125bps
10Y Yield	5.05%	+9bps	+8bps	+75bps
China (ChinaBond daily — 0Y proxy/2Y/10Y/30Y; FRED cash rate fallback)
Cash Rate ⚠️monthly	2.90%	0bps	0bps	0bps
2Y Yield	N/A	N/A	N/A	N/A
10Y Yield	N/A	N/A	N/A	N/A
30Y Yield	N/A	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	+1bps	+8bps	+1bps
US HY OAS (ICE BofA US High Yield)	269bps	-10bps	-3bps	-15bps
EUR HY OAS (ICE BofA Euro HY)	254bps	-2bps	-18bps	-38bps
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 2026-08-25 00:00:00	99.25	+0.15%	+1.67%	-1.28%	+2.99%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-08-25 00:00:00	45.88	+0.17%	+1.84%	+0.20%	-0.22%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-08-25 00:00:00	99.25	+6.38%	+11.84%	+38.95%	+12.92%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-08-25 00:00:00	45.88	-9.06%	+0.42%	+33.36%	-4.00%

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 2026-08-25 00:00:00	81.01 USD/bbl	-4.71%	-4.63%	-1.94%	-13.72%	+27.25%
Brent Crude Oil BZ=F front-month futures as of 2026-08-25 00:00:00	85.90 USD/bbl	-6.80%	-5.63%	-2.78%	-13.74%	+26.83%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-08-25 00:00:00	2.85 USD/MMBtu	+2.26%	+2.49%	+2.82%	-1.69%	+5.45%
Gold GC=F front-month futures as of 2026-08-25 00:00:00	4,728.60 USD/oz	+1.89%	+8.31%	+16.05%	+5.07%	+40.13%
Silver SI=F front-month futures as of 2026-08-25 00:00:00	69.04 USD/oz	+0.74%	+7.98%	+18.08%	-9.51%	+77.02%
Copper HG=F front-month futures as of 2026-08-25 00:00:00	6.71 USD/lb	+1.65%	+3.48%	+5.82%	+5.46%	+50.83%
Broad Commodities (DJP) DJP ETN proxy as of 2026-08-25 00:00:00	49.81 price	-0.97%	+0.85%	+5.91%	+1.82%	+46.37%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-08-25 00:00:00	15.06 price	+2.55%	+9.01%	+21.69%	+16.96%	+79.13%

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	0.7265	+0.11%	+0.78%	+2.34%	+0.17%	+0.68%
EUR/USD	1.1684	+0.04%	+0.89%	+2.73%	+0.82%	+0.21%
GBP/USD	1.3644	+0.04%	+0.65%	+2.49%	+1.77%	+1.10%
JPY/USD	0.0063	-0.04%	+0.19%	+3.08%	+0.16%	-7.04%
SGD/USD	0.7879	+0.22%	+0.72%	+1.84%	+0.84%	+1.21%
AUD/USD	0.7178	+0.81%	+1.23%	+2.91%	+0.62%	+11.13%
CNY/USD	0.1488	+0.02%	+0.30%	+0.73%	+1.21%	+6.86%
Bitcoin 24/7; midnight UTC ref	$78,901	-0.08%	+8.04%	+23.18%	+25.90%	-10.18%

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: ^STOXX50E: ⚠️ VERIFY — newest print 2026-08-24, but XETRA has closed 2026-08-25: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^FTSE: ⚠️ VERIFY — newest print 2026-08-24, but LSE has closed 2026-08-25: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^N225: ⚠️ VERIFY — newest print 2026-08-24, but TSE has closed 2026-08-25: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^STI: ⚠️ VERIFY — newest print 2026-08-24, but SGX has closed 2026-08-25: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^AXJO: ⚠️ VERIFY — newest print 2026-08-24, but ASX has closed 2026-08-25: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^HSCE: ⚠️ VERIFY — newest print 2026-08-24, but HKEX has closed 2026-08-25: one session behind (stale feed, or a market holiday not in our calendar)
RATES: DATA UNAVAILABLE — China 2y
RATES: DATA UNAVAILABLE — China 10y
RATES: DATA UNAVAILABLE — China 30y

Generated 2026-08-26 07:16 SGT | Market Monitor Phase 4g

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