Market Monitor

Generated: 2026-09-01 09:29 SGT | Phase 4g | Returns in local index currency unless noted

VIX14.9

S&P 500 1D-0.33%

US 10Y 1M+5bps

Gold/Copperrisk-on ▼ -2.27%

Data flags5

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	14.9	+3.40%	-5.87%	-6.69%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	66.8	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	667.0	—	—	—

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 2026-08-31 00:00:00	160.68	-0.25%	+0.30%	+2.72%	+1.65%
MSCI World URTH as of 2026-08-31 00:00:00	208.82	-0.29%	+0.16%	+2.68%	+2.36%
MSCI EM EEM as of 2026-08-31 00:00:00	67.02	-0.18%	+1.38%	+4.57%	-3.87%
Americas
S&P 500 ^GSPC as of 2026-08-31 00:00:00	7,686.14	-0.33%	+0.43%	+2.62%	+1.13%
Nasdaq 100 ^NDX as of 2026-08-31 00:00:00	29,456.97	+0.08%	+1.49%	+4.18%	-3.46%
TSX Composite ^GSPTSE as of 2026-08-31 00:00:00	36,270.48	-0.78%	-1.21%	+2.15%	+4.42%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-28 00:00:00	6,485.67	+0.95%	+0.36%	+2.23%	+6.19%
FTSE 100 ^FTSE as of 2026-08-28 00:00:00	10,824.30	+0.29%	+0.07%	-0.67%	+4.35%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-01 00:00:00	66,198.52	-0.31%	+1.02%	+7.00%	-1.10%
STI ^STI as of 2026-09-01 00:00:00	5,745.60	+0.80%	+1.15%	+1.27%	+12.72%
ASX 200 ^AXJO as of 2026-09-01 00:00:00	9,032.90	-0.65%	-0.77%	+0.62%	+3.54%
CSI 300 000300.SS as of 2026-08-31 00:00:00	4,625.09	N/A	N/A	N/A	N/A
HSCEI ^HSCE as of 2026-08-28 00:00:00	8,490.39	+0.00%	-1.67%	-1.79%	+0.77%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-08-31 00:00:00	160.68	+10.35%	+21.55%	+79.78%	+70.09%	+226.81%
MSCI World URTH as of 2026-08-31 00:00:00	208.82	+10.54%	+19.78%	+79.33%	+72.57%	+242.01%
MSCI EM EEM as of 2026-08-31 00:00:00	67.02	+9.54%	+36.39%	+85.18%	+50.01%	+121.92%
Americas
S&P 500 ^GSPC as of 2026-08-31 00:00:00	7,686.14	+11.69%	+18.21%	+75.63%	+71.58%	+251.95%
Nasdaq 100 ^NDX as of 2026-08-31 00:00:00	29,456.97	+17.86%	+24.27%	+98.81%	+92.37%	+512.90%
TSX Composite ^GSPTSE as of 2026-08-31 00:00:00	36,270.48	+5.01%	+27.56%	+82.85%	+77.13%	+145.45%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-28 00:00:00	6,485.67	+5.26%	+20.47%	+53.51%	+55.23%	+117.60%
FTSE 100 ^FTSE as of 2026-08-28 00:00:00	10,824.30	-0.79%	+17.70%	+45.24%	+51.39%	+58.57%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-01 00:00:00	66,198.52	+13.00%	+51.43%	+102.64%	+131.48%	N/A
STI ^STI as of 2026-09-01 00:00:00	5,745.60	+15.03%	+35.07%	+80.12%	+84.89%	+100.98%
ASX 200 ^AXJO as of 2026-09-01 00:00:00	9,032.90	-0.49%	+1.49%	+23.50%	+19.98%	+73.06%
CSI 300 000300.SS as of 2026-08-31 00:00:00	4,625.09	N/A	N/A	N/A	N/A	N/A
HSCEI ^HSCE as of 2026-08-28 00:00:00	8,490.39	-5.74%	-5.73%	+23.06%	-16.05%	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	4.34%	+11bps	+36bps	+73bps
10Y Yield	4.73%	+5bps	+28bps	+47bps
30Y Yield	5.22%	+1bps	+23bps	+32bps
↳ 2-10 Spread	+39bps
↳ 3M-10Y Spread (NY Fed recession)	+83bps
Canada (BoC Valet API)
Cash Rate	2.25%	-6bps	0bps	-52bps
2Y Yield	3.01%	+16bps	+24bps	+29bps
10Y Yield	3.73%	+15bps	+32bps	+26bps
30Y Yield ("Long" bond)	4.14%	+15bps	+35bps	+26bps
Eurozone (ECB API, daily — AAA euro govt composite)
Cash Rate ⚠️sparse (policy rate)	2.25%	+25bps	+25bps	0bps
2Y Yield	2.81%	+9bps	+25bps	+85bps
10Y Yield	3.28%	+8bps	+26bps	+42bps
30Y Yield	3.73%	+9bps	+23bps	+37bps
United Kingdom (BoE yield curve ZIP — 2Y/30Y par; IADB fallback)
Cash Rate	3.75%	0bps	0bps	-25bps
2Y Yield	4.27%	N/A	N/A	N/A
10Y Yield	5.11%	N/A	N/A	N/A
30Y Yield	5.89%	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	1.74%	N/A	N/A	N/A
10Y Yield	2.94%	N/A	N/A	N/A
30Y Yield	4.09%	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	1.70%	N/A	N/A	N/A
10Y Yield	2.35%	N/A	N/A	N/A
30Y Yield	2.44%	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 ⚠️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)	79bps	-1bps	+5bps	+2bps
US HY OAS (ICE BofA US High Yield)	260bps	-24bps	-11bps	-19bps
EUR HY OAS (ICE BofA Euro HY)	255bps	-10bps	-8bps	-27bps
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 2026-08-31 00:00:00	96.44	-0.82%	-2.68%	-2.54%	+3.40%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-08-31 00:00:00	44.74	-1.15%	-2.31%	-2.80%	-1.19%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-08-31 00:00:00	96.44	+2.50%	+9.19%	+34.28%	+9.85%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-08-31 00:00:00	44.74	-10.00%	-1.00%	+29.42%	-6.34%

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 2026-08-31 00:00:00	86.59 USD/bbl	+3.82%	+1.86%	+2.27%	-6.04%	+34.04%
Brent Crude Oil BZ=F front-month futures as of 2026-08-31 00:00:00	88.88 USD/bbl	-0.48%	-3.57%	-1.38%	-6.42%	+29.52%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-08-31 00:00:00	2.93 USD/MMBtu	+1.42%	+5.28%	+6.63%	-7.86%	-0.51%
Gold GC=F front-month futures as of 2026-08-31 00:00:00	4,493.40 USD/oz	+0.34%	-3.18%	+10.97%	+0.41%	+30.93%
Silver SI=F front-month futures as of 2026-08-31 00:00:00	67.29 USD/oz	+0.44%	-1.83%	+16.84%	-10.29%	+71.70%
Copper HG=F front-month futures as of 2026-08-31 00:00:00	6.74 USD/lb	+2.69%	+2.11%	+4.70%	+3.29%	+50.97%
Broad Commodities (DJP) DJP ETN proxy as of 2026-08-31 00:00:00	51.35 price	+1.36%	+2.09%	+8.38%	+4.95%	+50.23%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-08-31 00:00:00	15.47 price	-0.32%	+5.31%	+15.28%	+18.68%	+85.27%

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	$78,418	+0.75%	-0.69%	+20.82%	+30.83%	-11.24%

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 2026-08-28, but XETRA has closed 2026-08-31: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^HSCE: ⚠️ VERIFY — newest print 2026-08-28, but HKEX has closed 2026-08-31: 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 2026-09-01 09:29 SGT | Market Monitor Phase 4g

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