Market Monitor

Generated: 2026-08-25 07:13 SGT | Phase 4g | Returns in local index currency unless noted

VIX15.9

S&P 500 1D-0.28%

US 10Y 1M+3bps

Gold/Copperrisk-off ▲ +1.73%

Data flags9

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	15.9	+4.76%	+4.34%	-14.69%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	68.3	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	715.0	—	—	—

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 2026-08-24 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	36,714.12	+0.26%	+0.13%	+4.32%	+5.73%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-21 00:00:00	6,462.22	+0.63%	-1.18%	+4.06%	+6.56%
FTSE 100 ^FTSE as of 2026-08-21 00:00:00	10,816.60	+0.64%	+0.62%	+1.67%	+3.10%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-08-21 00:00:00	66,016.36	-0.30%	-3.93%	-0.15%	+4.23%
STI ^STI as of 2026-08-21 00:00:00	5,688.96	+0.30%	-0.95%	+1.67%	+12.75%
ASX 200 ^AXJO as of 2026-08-21 00:00:00	9,058.90	-0.27%	-0.62%	+2.49%	+4.22%
CSI 300 000300.SS as of 2026-08-24 00:00:00	4,563.13	N/A	N/A	N/A	N/A
HSCEI ^HSCE as of 2026-08-21 00:00:00	8,634.34	+1.01%	+3.52%	+3.37%	+1.88%

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	36,714.12	+8.70%	+30.86%	+85.25%	+79.24%	+148.81%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-21 00:00:00	6,462.22	+6.64%	+17.85%	+49.24%	+53.99%	+114.09%
FTSE 100 ^FTSE as of 2026-08-21 00:00:00	10,816.60	+1.21%	+16.04%	+47.39%	+51.79%	+58.58%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-08-21 00:00:00	66,016.36	+16.21%	+60.78%	+103.17%	+127.12%	N/A
STI ^STI as of 2026-08-21 00:00:00	5,688.96	+13.74%	+34.82%	+77.96%	+80.86%	+101.15%
ASX 200 ^AXJO as of 2026-08-21 00:00:00	9,058.90	+0.36%	+0.96%	+26.52%	+20.97%	+68.61%
CSI 300 000300.SS as of 2026-08-24 00:00:00	4,563.13	N/A	N/A	N/A	N/A	N/A
HSCEI ^HSCE as of 2026-08-21 00:00:00	8,634.34	-5.89%	-3.17%	+37.69%	-15.92%	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	2.76%	-4bps	+23bps	+84bps
10Y Yield	3.27%	+5bps	+24bps	+47bps
30Y Yield	3.72%	+7bps	+23bps	+44bps
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	5.13%	N/A	N/A	N/A
30Y Yield	5.94%	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	1.68%	N/A	N/A	N/A
10Y Yield	2.88%	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	1.67%	N/A	N/A	N/A
10Y Yield	2.32%	N/A	N/A	N/A
30Y Yield	2.45%	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 2026-08-24 00:00:00	85.11 USD/bbl	-2.24%	+0.72%	-4.70%	-11.89%	+33.99%
Brent Crude Oil BZ=F front-month futures as of 2026-08-24 00:00:00	92.13 USD/bbl	-2.39%	+1.39%	-4.80%	-11.02%	+36.15%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-08-24 00:00:00	2.80 USD/MMBtu	+1.12%	+4.24%	-2.33%	-3.54%	-0.78%
Gold GC=F front-month futures as of 2026-08-24 00:00:00	4,725.80 USD/oz	+2.20%	+6.97%	+16.18%	+4.53%	+41.62%
Silver SI=F front-month futures as of 2026-08-24 00:00:00	69.23 USD/oz	-0.34%	+4.70%	+18.03%	-8.78%	+82.05%
Copper HG=F front-month futures as of 2026-08-24 00:00:00	6.61 USD/lb	+0.45%	+0.08%	+4.57%	+4.21%	+49.14%
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	$78,721	+1.24%	+13.65%	+24.05%	+23.09%	-8.91%

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 2026-08-21, but XETRA has closed 2026-08-24: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^FTSE: ⚠️ VERIFY — newest print 2026-08-21, but LSE has closed 2026-08-24: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^N225: ⚠️ VERIFY — newest print 2026-08-21, but TSE has closed 2026-08-24: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^STI: ⚠️ VERIFY — newest print 2026-08-21, but SGX has closed 2026-08-24: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^AXJO: ⚠️ VERIFY — newest print 2026-08-21, but ASX has closed 2026-08-24: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^HSCE: ⚠️ VERIFY — newest print 2026-08-21, but HKEX has closed 2026-08-24: 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 2026-08-25 07:13 SGT | Market Monitor Phase 4g

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