Market Monitor

Generated: 2026-09-05 21:41 SGT | Phase 4g | Returns in local index currency unless noted

VIX14.5

S&P 500 1D-0.38%

US 10Y 1M+14bps

Gold/Copperrisk-on ▼ -1.68%

Data flags2

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	14.5	+1.47%	+0.69%	-4.09%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	67.1	—	—	—
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 2026-09-04 00:00:00	161.89	-0.03%	+0.50%	+1.12%	+5.54%
MSCI World URTH as of 2026-09-04 00:00:00	209.82	-0.25%	+0.19%	+0.57%	+5.41%
MSCI EM EEM as of 2026-09-04 00:00:00	68.70	+1.82%	+2.32%	+5.66%	+6.92%
Americas
S&P 500 ^GSPC as of 2026-09-04 00:00:00	7,718.60	-0.38%	+0.09%	+0.11%	+4.54%
Nasdaq 100 ^NDX as of 2026-09-04 00:00:00	29,544.15	+0.21%	+0.38%	+0.58%	+2.03%
TSX Composite ^GSPTSE as of 2026-09-04 00:00:00	36,513.80	-0.33%	-0.11%	+1.04%	+6.10%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-09-04 00:00:00	6,392.93	+0.16%	-1.43%	-1.69%	+5.67%
FTSE 100 ^FTSE as of 2026-09-04 00:00:00	10,831.10	-0.00%	+0.36%	-0.53%	+4.41%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-04 00:00:00	65,020.94	+1.26%	-2.09%	-1.93%	-2.35%
STI ^STI as of 2026-09-04 00:00:00	5,801.96	+0.94%	+1.79%	+3.95%	+16.89%
ASX 200 ^AXJO as of 2026-09-04 00:00:00	9,005.90	-0.16%	-0.95%	-2.87%	+4.67%
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 2026-09-04 00:00:00	8,555.03	+2.02%	+0.76%	+0.66%	+1.40%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-09-04 00:00:00	161.89	+15.01%	+22.71%	+75.73%	+69.84%	+230.95%
MSCI World URTH as of 2026-09-04 00:00:00	209.82	+14.19%	+20.53%	+74.43%	+72.21%	+245.64%
MSCI EM EEM as of 2026-09-04 00:00:00	68.70	+20.48%	+40.51%	+86.04%	+49.77%	+130.67%
Americas
S&P 500 ^GSPC as of 2026-09-04 00:00:00	7,718.60	+14.52%	+18.71%	+70.96%	+71.17%	+255.29%
Nasdaq 100 ^NDX as of 2026-09-04 00:00:00	29,544.15	+19.89%	+25.01%	+91.07%	+91.44%	+518.67%
TSX Composite ^GSPTSE as of 2026-09-04 00:00:00	36,513.80	+10.37%	+26.28%	+79.94%	+76.87%	+148.60%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-09-04 00:00:00	6,392.93	+10.55%	+20.83%	+48.89%	+52.34%	+112.49%
FTSE 100 ^FTSE as of 2026-09-04 00:00:00	10,831.10	+4.01%	+17.62%	+44.84%	+51.50%	+61.64%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-04 00:00:00	65,020.94	+15.53%	+52.51%	+94.23%	+132.71%	N/A
STI ^STI as of 2026-09-04 00:00:00	5,801.96	+19.71%	+35.26%	+79.44%	+87.03%	+104.21%
ASX 200 ^AXJO as of 2026-09-04 00:00:00	9,005.90	+4.73%	+1.77%	+25.22%	+21.59%	+70.03%
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 2026-09-04 00:00:00	8,555.03	-0.62%	-6.49%	+27.04%	-13.28%	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%	+16bps	+29bps	+68bps
10Y Yield	4.77%	+14bps	+30bps	+49bps
30Y Yield	5.25%	+8bps	+28bps	+28bps
↳ 2-10 Spread	+43bps
↳ 3M-10Y Spread (NY Fed recession)	+88bps
Canada (BoC Valet API)
Cash Rate	2.30%	-1bps	+4bps	-47bps
2Y Yield	3.10%	+28bps	+30bps	+46bps
10Y Yield	3.79%	+24bps	+36bps	+41bps
30Y Yield ("Long" bond)	4.16%	+19bps	+36bps	+34bps
Eurozone (ECB API, daily — AAA euro govt composite)
Cash Rate ⚠️sparse (policy rate)	2.25%	+25bps	+25bps	0bps
2Y Yield	2.89%	+22bps	+26bps	+99bps
10Y Yield	3.36%	+22bps	+27bps	+64bps
30Y Yield	3.77%	+17bps	+21bps	+55bps
United Kingdom (BoE yield curve ZIP — 2Y/30Y par; IADB fallback)
Cash Rate	3.75%	0bps	0bps	-25bps
2Y Yield	4.34%	N/A	N/A	N/A
10Y Yield	5.16%	N/A	N/A	N/A
30Y Yield	5.92%	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	2.97%	N/A	N/A	N/A
30Y Yield	4.05%	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	1.71%	N/A	N/A	N/A
10Y Yield	2.38%	N/A	N/A	N/A
30Y Yield	2.46%	N/A	N/A	N/A
Australia (RBA xlsx daily — f01d/f02d; FRED monthly fallback)
Cash Rate	4.35%	0bps	0bps	+75bps
2Y Yield	4.83%	+29bps	+23bps	+140bps
10Y Yield	5.22%	+23bps	+29bps	+80bps
China (ChinaBond daily — 0Y proxy/2Y/10Y/30Y; FRED cash rate fallback)
Cash Rate	0.93%	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	2.13%	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	+6bps	+6bps
US HY OAS (ICE BofA US High Yield)	265bps	-10bps	-10bps	-6bps
EUR HY OAS (ICE BofA Euro HY)	265bps	0bps	+2bps	-9bps
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 2026-09-04 00:00:00	96.02	-0.66%	-1.25%	-2.06%	+0.08%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-04 00:00:00	45.27	+0.18%	+0.02%	-1.37%	+2.98%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-09-04 00:00:00	96.02	+4.65%	+9.08%	+30.30%	+8.75%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-04 00:00:00	45.27	-4.93%	+1.79%	+27.35%	-6.55%

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 2026-09-04 00:00:00	91.48 USD/bbl	+0.20%	+9.69%	+18.36%	+1.04%	+44.11%
Brent Crude Oil BZ=F front-month futures as of 2026-09-04 00:00:00	96.28 USD/bbl	+0.80%	+7.80%	+16.72%	+3.43%	+43.72%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-09-04 00:00:00	2.97 USD/MMBtu	+2.13%	+3.01%	+12.69%	-7.87%	-3.22%
Gold GC=F front-month futures as of 2026-09-04 00:00:00	4,429.80 USD/oz	-1.38%	-1.08%	+4.43%	+2.14%	+24.23%
Silver SI=F front-month futures as of 2026-09-04 00:00:00	66.05 USD/oz	-1.38%	-1.42%	+7.50%	-4.20%	+61.44%
Copper HG=F front-month futures as of 2026-09-04 00:00:00	6.60 USD/lb	+0.30%	+0.53%	-1.35%	+5.32%	+46.99%
Broad Commodities (DJP) DJP ETN proxy as of 2026-09-04 00:00:00	51.67 price	-0.58%	+1.99%	+10.52%	+9.59%	+49.59%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-09-04 00:00:00	16.56 price	+2.60%	+6.70%	+18.79%	+30.39%	+105.38%

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	$79,725	+0.07%	+1.50%	+26.50%	+26.37%	-9.20%

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: 000300.SS: ⚠️ STALE — last updated 2026-07-17
EQUITY: 000300.SS: ⚠️ STALE — newest print 2026-07-17, but SSE has closed 2026-09-04: 10 sessions behind

Generated 2026-09-05 21:41 SGT | Market Monitor Phase 4g

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