Market Monitor

Generated: 2026-08-25 19:27 SGT | Phase 4g | Returns in local index currency unless noted

VIX15.8

S&P 500 1D-0.28%

US 10Y 1M+3bps

Gold/Copperrisk-off ▲ +0.59%

Data flags3

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	15.8	-0.19%	-0.13%	-15.27%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	69.1	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	707.4	—	—	—

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 2026-08-24 00:00:00	160.20	-0.38%	-1.01%	+3.82%	+3.37%
MSCI World URTH as of 2026-08-24 00:00:00	208.48	-0.28%	-0.93%	+3.78%	+3.62%
MSCI EM EEM as of 2026-08-24 00:00:00	66.11	-1.50%	-1.80%	+4.39%	+0.87%
Americas
S&P 500 ^GSPC as of 2026-08-24 00:00:00	7,652.86	-0.28%	-1.19%	+3.25%	+2.40%
Nasdaq 100 ^NDX as of 2026-08-24 00:00:00	29,023.18	-0.97%	-3.24%	+3.18%	-1.56%
TSX Composite ^GSPTSE as of 2026-08-24 00:00:00	36,714.10	+0.26%	+0.13%	+4.32%	+5.73%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-25 00:00:00	6,481.95	+0.53%	+0.21%	+3.18%	+7.05%
FTSE 100 ^FTSE as of 2026-08-25 00:00:00	10,874.41	+0.19%	+1.36%	+0.86%	+4.30%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-08-25 00:00:00	65,856.43	+0.50%	-2.38%	+1.93%	+1.32%
STI ^STI as of 2026-08-25 00:00:00	5,735.68	+0.97%	+0.60%	+2.64%	+13.12%
ASX 200 ^AXJO as of 2026-08-25 00:00:00	9,164.60	+0.68%	+1.04%	+3.04%	+5.13%
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 2026-08-25 00:00:00	8,445.37	-0.31%	-0.09%	+0.96%	-1.53%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-08-24 00:00:00	160.20	+10.24%	+23.19%	+79.51%	+68.65%	+226.11%
MSCI World URTH as of 2026-08-24 00:00:00	208.48	+10.75%	+21.62%	+79.07%	+71.77%	+241.45%
MSCI EM EEM as of 2026-08-24 00:00:00	66.11	+7.79%	+35.79%	+83.66%	+45.06%	+119.61%
Americas
S&P 500 ^GSPC as of 2026-08-24 00:00:00	7,652.86	+11.92%	+20.14%	+75.11%	+70.83%	+250.40%
Nasdaq 100 ^NDX as of 2026-08-24 00:00:00	29,023.18	+17.46%	+25.41%	+97.22%	+91.69%	+503.76%
TSX Composite ^GSPTSE as of 2026-08-24 00:00:00	36,714.10	+8.70%	+30.86%	+85.25%	+79.24%	+148.81%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-25 00:00:00	6,481.95	+6.02%	+18.67%	+51.30%	+57.15%	+112.88%
FTSE 100 ^FTSE as of 2026-08-25 00:00:00	10,874.41	+1.81%	+17.49%	+45.50%	+52.62%	+61.20%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-08-25 00:00:00	65,856.43	+15.25%	+54.16%	+102.69%	+128.57%	N/A
STI ^STI as of 2026-08-25 00:00:00	5,735.68	+13.77%	+34.86%	+81.85%	+83.16%	+99.46%
ASX 200 ^AXJO as of 2026-08-25 00:00:00	9,164.60	+0.40%	+2.28%	+25.58%	+21.63%	+69.29%
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 2026-08-25 00:00:00	8,445.37	-6.89%	-7.49%	+28.95%	-14.02%	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%	-13bps	+16bps	+49bps
10Y Yield	4.74%	+3bps	+17bps	+44bps
30Y Yield	5.27%	+10bps	+17bps	+37bps
↳ 2-10 Spread	+50bps
↳ 3M-10Y Spread (NY Fed recession)	+86bps
Canada (BoC Valet API)
Cash Rate	2.25%	-3bps	-1bps	-52bps
2Y Yield	3.03%	+14bps	+11bps	+29bps
10Y Yield	3.76%	+16bps	+23bps	+27bps
30Y Yield ("Long" bond)	4.17%	+17bps	+27bps	+27bps
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	+2bps	+7bps	+2bps
US HY OAS (ICE BofA US High Yield)	270bps	-7bps	-1bps	-13bps
EUR HY OAS (ICE BofA Euro HY)	256bps	+6bps	-13bps	-37bps
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 2026-08-24 00:00:00	99.10	+0.61%	+1.14%	-1.70%	+3.31%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-08-24 00:00:00	45.80	+0.20%	+1.19%	+1.10%	+0.42%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-08-24 00:00:00	99.10	+6.48%	+13.83%	+39.17%	+12.63%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-08-24 00:00:00	45.80	-9.47%	+1.75%	+32.76%	-5.35%

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	82.53 USD/bbl	-2.92%	-2.84%	-0.10%	-12.10%	+29.64%
Brent Crude Oil BZ=F front-month futures as of 2026-08-25 00:00:00	88.19 USD/bbl	-4.32%	-3.11%	-0.19%	-11.44%	+30.21%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-08-25 00:00:00	2.80 USD/MMBtu	+0.72%	+0.94%	+1.26%	-3.18%	+3.85%
Gold GC=F front-month futures as of 2026-08-25 00:00:00	4,696.30 USD/oz	+1.20%	+7.57%	+15.26%	+4.35%	+39.17%
Silver SI=F front-month futures as of 2026-08-25 00:00:00	67.92 USD/oz	-0.91%	+6.22%	+16.15%	-11.00%	+74.13%
Copper HG=F front-month futures as of 2026-08-25 00:00:00	6.64 USD/lb	+0.60%	+2.41%	+4.72%	+4.36%	+49.26%
Broad Commodities (DJP) DJP ETN proxy as of 2026-08-24 00:00:00	50.30 price	-0.63%	+1.58%	+3.73%	+1.62%	+48.60%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-08-24 00:00:00	14.69 price	-0.41%	+4.93%	+16.87%	+15.90%	+80.02%

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	$79,190	+0.29%	+8.43%	+23.63%	+26.36%	-9.85%

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:

RATES: DATA UNAVAILABLE — China 2y
RATES: DATA UNAVAILABLE — China 10y
RATES: DATA UNAVAILABLE — China 30y

Generated 2026-08-25 19:27 SGT | Market Monitor Phase 4g

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