Market Monitor

Generated: 2026-09-02 08:37 SGT | Phase 4g | Returns in local index currency unless noted

VIX16.3

S&P 500 1D-0.71%

US 10Y 1M0bps

Gold/Copperrisk-on ▼ -0.64%

Data flags6

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	16.3	+9.52%	+5.76%	+3.03%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	67.5	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	667.8	—	—	—

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%	-1.03%	+0.94%	+0.30%
MSCI World URTH as of 2026-09-01 00:00:00	207.03	-0.86%	-1.10%	+0.57%	+1.08%
MSCI EM EEM as of 2026-09-01 00:00:00	66.77	-0.37%	-0.71%	+3.81%	-5.20%
Americas
S&P 500 ^GSPC as of 2026-09-01 00:00:00	7,631.47	-0.71%	-0.60%	+0.41%	+0.29%
Nasdaq 100 ^NDX as of 2026-09-01 00:00:00	29,077.22	-1.29%	-0.45%	+1.04%	-5.16%
TSX Composite ^GSPTSE as of 2026-09-01 00:00:00	35,825.73	-1.23%	-3.06%	+1.70%	+1.87%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-31 00:00:00	6,420.16	-1.01%	-0.43%	+0.98%	+6.06%
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 2026-09-02 00:00:00	64,734.63	-2.38%	-1.70%	+0.58%	-3.00%
STI ^STI as of 2026-08-31 00:00:00	5,755.36	+0.97%	+1.32%	+1.44%	+12.91%
ASX 200 ^AXJO as of 2026-09-02 00:00:00	8,965.30	-1.22%	-2.17%	-0.60%	+2.04%
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 2026-08-31 00:00:00	8,513.18	+0.27%	+0.49%	-1.15%	+0.06%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-09-01 00:00:00	159.42	+11.68%	+21.30%	+77.30%	+67.99%	+224.64%
MSCI World URTH as of 2026-09-01 00:00:00	207.03	+11.33%	+19.46%	+76.59%	+70.75%	+239.68%
MSCI EM EEM as of 2026-09-01 00:00:00	66.77	+14.89%	+36.54%	+84.30%	+46.13%	+124.07%
Americas
S&P 500 ^GSPC as of 2026-09-01 00:00:00	7,631.47	+11.95%	+18.13%	+73.22%	+70.11%	+249.64%
Nasdaq 100 ^NDX as of 2026-09-01 00:00:00	29,077.22	+17.63%	+24.18%	+94.60%	+89.33%	+504.70%
TSX Composite ^GSPTSE as of 2026-09-01 00:00:00	35,825.73	+6.04%	+25.42%	+78.90%	+74.35%	+143.66%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-31 00:00:00	6,420.16	+4.59%	+19.04%	+50.69%	+53.55%	+114.34%
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 2026-09-02 00:00:00	64,734.63	+10.18%	+48.66%	+96.81%	+126.00%	N/A
STI ^STI as of 2026-08-31 00:00:00	5,755.36	+15.22%	+35.30%	+80.43%	+85.20%	+101.32%
ASX 200 ^AXJO as of 2026-09-02 00:00:00	8,965.30	+0.72%	+2.59%	+23.54%	+19.06%	+72.15%
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 2026-08-31 00:00:00	8,513.18	-5.77%	-5.55%	+24.20%	-15.42%	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%	+6bps	+29bps	+75bps
10Y Yield	4.75%	0bps	+28bps	+51bps
30Y Yield	5.25%	-2bps	+26bps	+34bps
↳ 2-10 Spread	+41bps
↳ 3M-10Y Spread (NY Fed recession)	+84bps
Canada (BoC Valet API)
Cash Rate	2.27%	-4bps	+1bps	-50bps
2Y Yield	3.01%	+16bps	+20bps	+32bps
10Y Yield	3.73%	+14bps	+30bps	+28bps
30Y Yield ("Long" bond)	4.14%	+15bps	+33bps	+27bps
Eurozone (ECB API, daily — AAA euro govt composite)
Cash Rate ⚠️sparse (policy rate)	2.25%	+25bps	+25bps	0bps
2Y Yield	2.86%	+10bps	+27bps	+92bps
10Y Yield	3.34%	+11bps	+28bps	+52bps
30Y Yield	3.78%	+13bps	+24bps	+45bps
United Kingdom (BoE yield curve ZIP — 2Y/30Y par; IADB fallback)
Cash Rate	3.75%	0bps	0bps	-25bps
2Y Yield	4.32%	N/A	N/A	N/A
10Y Yield	5.14%	N/A	N/A	N/A
30Y Yield	5.91%	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	1.80%	N/A	N/A	N/A
10Y Yield	2.99%	N/A	N/A	N/A
30Y Yield	4.13%	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	1.72%	N/A	N/A	N/A
10Y Yield	2.41%	N/A	N/A	N/A
30Y Yield	2.50%	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	0.94%	N/A	N/A	N/A
2Y Yield	1.24%	N/A	N/A	N/A
10Y Yield	1.68%	N/A	N/A	N/A
30Y Yield	2.14%	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)	80bps	+1bps	+6bps	+5bps
US HY OAS (ICE BofA US High Yield)	263bps	-22bps	-12bps	-12bps
EUR HY OAS (ICE BofA Euro HY)	259bps	-6bps	-2bps	-22bps
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%	-2.97%	-2.80%	+2.78%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-01 00:00:00	44.44	-0.67%	-3.14%	-3.18%	-2.01%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-09-01 00:00:00	96.30	+2.90%	+8.44%	+33.99%	+10.18%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-01 00:00:00	44.44	-8.07%	-1.16%	+27.94%	-7.14%

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 2026-09-01 00:00:00	91.22 USD/bbl	+6.37%	+10.76%	+13.54%	-2.71%	+42.51%
Brent Crude Oil BZ=F front-month futures as of 2026-09-01 00:00:00	95.72 USD/bbl	+5.78%	+8.06%	+14.27%	-0.29%	+40.52%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-09-01 00:00:00	2.96 USD/MMBtu	+0.92%	+6.93%	+6.51%	-6.47%	-1.17%
Gold GC=F front-month futures as of 2026-09-01 00:00:00	4,372.10 USD/oz	-1.33%	-5.74%	+8.39%	-2.61%	+25.86%
Silver SI=F front-month futures as of 2026-09-01 00:00:00	64.77 USD/oz	-2.19%	-5.63%	+12.32%	-14.00%	+61.12%
Copper HG=F front-month futures as of 2026-09-01 00:00:00	6.55 USD/lb	-0.62%	-2.34%	+0.59%	-1.46%	+45.01%
Broad Commodities (DJP) DJP ETN proxy as of 2026-09-01 00:00:00	52.01 price	+1.29%	+4.42%	+11.44%	+5.88%	+50.62%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-09-01 00:00:00	15.80 price	+2.10%	+4.85%	+13.23%	+22.06%	+88.71%

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	$77,204	-1.71%	-3.81%	+21.48%	+31.84%	-11.68%

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 2026-08-31, but XETRA has closed 2026-09-01: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^FTSE: ⚠️ VERIFY — newest print 2026-08-28, but LSE has closed 2026-09-01: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^STI: ⚠️ VERIFY — newest print 2026-08-31, but SGX has closed 2026-09-01: 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 2026-09-01: 10 sessions behind
EQUITY: ^HSCE: ⚠️ VERIFY — newest print 2026-08-31, but HKEX has closed 2026-09-01: one session behind (stale feed, or a market holiday not in our calendar)

Generated 2026-09-02 08:37 SGT | Market Monitor Phase 4g

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