Market Monitor

Generated: 2026-09-03 08:48 SGT | Phase 4g | Returns in local index currency unless noted

VIX15.2

S&P 500 1D+0.46%

US 10Y 1M+9bps

Gold/Copperrisk-off ▲ +0.48%

Data flags15

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	15.2	-6.98%	-1.62%	-4.16%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	67.3	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	671.5	—	—	—

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 2026-09-01 00:00:00	159.42	-0.78%	-0.49%	+1.91%	+0.85%
MSCI World URTH as of 2026-09-01 00:00:00	207.03	-0.86%	-0.70%	+1.80%	+1.49%
MSCI EM EEM as of 2026-09-01 00:00:00	66.77	-0.37%	+1.00%	+4.18%	-4.23%
Americas
S&P 500 ^GSPC as of 2026-09-02 00:00:00	7,666.60	+0.46%	-0.14%	+0.87%	+0.75%
Nasdaq 100 ^NDX as of 2026-09-02 00:00:00	29,143.33	+0.23%	-0.23%	+1.27%	-4.95%
TSX Composite ^GSPTSE as of 2026-09-02 00:00:00	36,091.61	+0.74%	-2.34%	+2.46%	+2.62%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-09-01 00:00:00	6,368.98	-0.80%	-1.23%	+0.17%	+5.21%
FTSE 100 ^FTSE as of 2026-09-01 00:00:00	10,789.30	-0.03%	-0.25%	-0.99%	+4.01%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-03 00:00:00	64,187.26	-3.06%	-2.53%	-0.27%	-3.82%
STI ^STI as of 2026-09-01 00:00:00	5,710.37	-0.78%	+0.53%	+0.65%	+12.02%
ASX 200 ^AXJO as of 2026-09-03 00:00:00	8,987.30	-0.88%	-1.93%	-0.35%	+2.29%
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 2026-09-01 00:00:00	8,462.64	-0.59%	-0.10%	-1.74%	-0.53%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-09-01 00:00:00	159.42	+9.49%	+20.60%	+78.37%	+68.76%	+224.25%
MSCI World URTH as of 2026-09-01 00:00:00	207.03	+9.59%	+18.75%	+77.79%	+71.09%	+239.08%
MSCI EM EEM as of 2026-09-01 00:00:00	66.77	+9.13%	+35.88%	+84.49%	+49.45%	+121.09%
Americas
S&P 500 ^GSPC as of 2026-09-02 00:00:00	7,666.60	+12.47%	+18.67%	+74.02%	+70.89%	+251.25%
Nasdaq 100 ^NDX as of 2026-09-02 00:00:00	29,143.33	+17.89%	+24.46%	+95.05%	+89.76%	+506.07%
TSX Composite ^GSPTSE as of 2026-09-02 00:00:00	36,091.61	+6.83%	+26.35%	+80.23%	+75.65%	+145.46%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-09-01 00:00:00	6,368.98	+3.76%	+18.10%	+49.49%	+52.33%	+112.63%
FTSE 100 ^FTSE as of 2026-09-01 00:00:00	10,789.30	-1.11%	+17.32%	+44.77%	+50.90%	+58.06%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-03 00:00:00	64,187.26	+9.25%	+47.40%	+95.15%	+124.09%	N/A
STI ^STI as of 2026-09-01 00:00:00	5,710.37	+14.32%	+34.24%	+79.02%	+83.75%	+99.75%
ASX 200 ^AXJO as of 2026-09-03 00:00:00	8,987.30	+0.97%	+2.84%	+23.84%	+19.35%	+72.57%
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 2026-09-01 00:00:00	8,462.64	-6.33%	-6.11%	+23.46%	-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	4.39%	+14bps	+34bps	+77bps
10Y Yield	4.79%	+9bps	+33bps	+57bps
30Y Yield	5.27%	+4bps	+30bps	+39bps
↳ 2-10 Spread	+40bps
↳ 3M-10Y Spread (NY Fed recession)	+87bps
Canada (BoC Valet API)
Cash Rate	2.29%	-8bps	+3bps	-47bps
2Y Yield	3.01%	+10bps	+21bps	+32bps
10Y Yield	3.75%	+10bps	+34bps	+30bps
30Y Yield ("Long" bond)	4.15%	+11bps	+36bps	+27bps
Eurozone (ECB API, daily — AAA euro govt composite)
Cash Rate ⚠️sparse (policy rate)	2.25%	+25bps	+25bps	0bps
2Y Yield	2.88%	+17bps	+29bps	+95bps
10Y Yield	3.36%	+17bps	+29bps	+57bps
30Y Yield	3.79%	+16bps	+25bps	+51bps
United Kingdom (BoE yield curve ZIP — 2Y/30Y par; IADB fallback)
Cash Rate	3.75%	0bps	0bps	-25bps
2Y Yield	4.39%	N/A	N/A	N/A
10Y Yield	5.21%	N/A	N/A	N/A
30Y Yield	5.96%	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	1.74%	N/A	N/A	N/A
10Y Yield	2.43%	N/A	N/A	N/A
30Y Yield	2.51%	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)	81bps	+3bps	+7bps	+5bps
US HY OAS (ICE BofA US High Yield)	265bps	-13bps	-9bps	-14bps
EUR HY OAS (ICE BofA Euro HY)	260bps	-7bps	-1bps	-20bps
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 2026-09-01 00:00:00	96.30	-0.15%	-2.83%	-2.68%	+3.25%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-01 00:00:00	44.44	-0.67%	-2.97%	-3.45%	-1.86%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-09-01 00:00:00	96.30	+2.35%	+9.04%	+34.09%	+9.69%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-01 00:00:00	44.44	-10.60%	-1.66%	+28.55%	-6.97%

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 2026-09-02 00:00:00	90.81 USD/bbl	+0.65%	+10.43%	+19.85%	-5.43%	+38.45%
Brent Crude Oil BZ=F front-month futures as of 2026-09-02 00:00:00	95.19 USD/bbl	+0.57%	+8.37%	+19.95%	-2.68%	+37.68%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-09-02 00:00:00	3.01 USD/MMBtu	+3.79%	+6.05%	+12.38%	-6.22%	+0.17%
Gold GC=F front-month futures as of 2026-09-02 00:00:00	4,432.30 USD/oz	+1.94%	-3.61%	+8.23%	-0.10%	+24.87%
Silver SI=F front-month futures as of 2026-09-02 00:00:00	65.83 USD/oz	+1.88%	-3.18%	+9.61%	-10.41%	+60.28%
Copper HG=F front-month futures as of 2026-09-02 00:00:00	6.60 USD/lb	+1.42%	+0.07%	-0.29%	+1.82%	+44.41%
Broad Commodities (DJP) DJP ETN proxy as of 2026-09-02 00:00:00	52.04 price	+0.06%	+4.48%	+11.51%	+5.94%	+50.71%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-09-01 00:00:00	15.80 price	+2.10%	+7.52%	+17.70%	+21.17%	+89.16%

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	$77,089	-0.41%	-0.95%	+21.59%	+28.47%	-12.01%

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 2026-09-01, but NYSE has closed 2026-09-02: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: URTH: ⚠️ VERIFY — newest print 2026-09-01, but NYSE has closed 2026-09-02: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: EEM: ⚠️ VERIFY — newest print 2026-09-01, but NYSE has closed 2026-09-02: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^STOXX50E: ⚠️ VERIFY — newest print 2026-09-01, but XETRA has closed 2026-09-02: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^FTSE: ⚠️ VERIFY — newest print 2026-09-01, but LSE has closed 2026-09-02: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^STI: ⚠️ VERIFY — newest print 2026-09-01, but SGX has closed 2026-09-02: 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 2026-09-02: 10 sessions behind
EQUITY: ^HSCE: ⚠️ VERIFY — newest print 2026-09-01, but HKEX has closed 2026-09-02: 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
REITS: VNQ: ⚠️ VERIFY — newest print 2026-09-01, but NYSE has closed 2026-09-02: one session behind (stale feed, or a market holiday not in our calendar)
REITS: VNQI: ⚠️ VERIFY — newest print 2026-09-01, but NYSE has closed 2026-09-02: one session behind (stale feed, or a market holiday not in our calendar)
COMMODITIES: BDRY: ⚠️ VERIFY — newest print 2026-09-01, but NYSE has closed 2026-09-02: one session behind (stale feed, or a market holiday not in our calendar)

Generated 2026-09-03 08:48 SGT | Market Monitor Phase 4g

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