Market Monitor

Generated: 2026-08-22 07:12 SGT | Phase 4g | Returns in local index currency unless noted

VIX15.1

S&P 500 1D+0.43%

US 10Y 1M+2bps

Gold/Copperrisk-off ▲ +1.33%

Data flags8

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	15.1	-5.50%	+6.18%	-19.09%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	67.5	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	708.4	—	—	—

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 2026-08-21 00:00:00	160.81	+0.53%	-0.91%	+4.19%	+3.96%
MSCI World URTH as of 2026-08-21 00:00:00	209.07	+0.60%	-1.01%	+4.22%	+4.16%
MSCI EM EEM as of 2026-08-21 00:00:00	67.12	+0.75%	+0.77%	+3.90%	+2.18%
Americas
S&P 500 ^GSPC as of 2026-08-21 00:00:00	7,674.37	+0.43%	-1.43%	+3.59%	+3.07%
Nasdaq 100 ^NDX as of 2026-08-21 00:00:00	29,308.86	+0.33%	-2.45%	+3.00%	-0.16%
TSX Composite ^GSPTSE as of 2026-08-21 00:00:00	36,620.23	+0.70%	-0.30%	+3.20%	+6.23%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-20 00:00:00	6,422.06	-0.35%	-1.89%	+1.66%	+6.69%
FTSE 100 ^FTSE as of 2026-08-20 00:00:00	10,748.20	+0.04%	-0.23%	+0.29%	+2.69%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-08-20 00:00:00	66,216.79	+1.36%	-3.06%	-0.02%	+7.35%
STI ^STI as of 2026-08-20 00:00:00	5,671.91	-0.39%	-0.84%	+2.63%	+12.43%
ASX 200 ^AXJO as of 2026-08-20 00:00:00	9,083.80	+0.33%	-1.14%	+2.96%	+4.93%
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 2026-08-20 00:00:00	8,547.84	+0.90%	+1.44%	+3.60%	-0.67%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-08-21 00:00:00	160.81	+9.64%	+23.18%	+79.01%	+69.06%	+226.80%
MSCI World URTH as of 2026-08-21 00:00:00	209.07	+10.08%	+21.47%	+78.33%	+72.21%	+242.23%
MSCI EM EEM as of 2026-08-21 00:00:00	67.12	+8.23%	+37.56%	+86.90%	+45.93%	+122.13%
Americas
S&P 500 ^GSPC as of 2026-08-21 00:00:00	7,674.37	+11.07%	+19.99%	+74.25%	+71.76%	+251.10%
Nasdaq 100 ^NDX as of 2026-08-21 00:00:00	29,308.86	+17.18%	+26.06%	+97.01%	+93.63%	+510.18%
TSX Composite ^GSPTSE as of 2026-08-21 00:00:00	36,620.23	+8.29%	+31.36%	+84.84%	+78.48%	+149.99%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-08-20 00:00:00	6,422.06	+5.22%	+18.17%	+48.61%	+52.82%	+112.01%
FTSE 100 ^FTSE as of 2026-08-20 00:00:00	10,748.20	+1.14%	+15.46%	+46.56%	+51.19%	+57.18%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-08-20 00:00:00	66,216.79	+16.29%	+62.32%	+104.43%	+129.32%	N/A
STI ^STI as of 2026-08-20 00:00:00	5,671.91	+14.85%	+34.53%	+76.50%	+79.18%	+100.28%
ASX 200 ^AXJO as of 2026-08-20 00:00:00	9,083.80	+0.03%	+1.30%	+27.67%	+21.26%	+67.73%
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 2026-08-20 00:00:00	8,547.84	-7.77%	-3.83%	+33.25%	-16.80%	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	4.19%	-12bps	+15bps	+42bps
10Y Yield	4.69%	+2bps	+12bps	+35bps
30Y Yield	5.23%	+8bps	+12bps	+29bps
↳ 2-10 Spread	+50bps
↳ 3M-10Y Spread (NY Fed recession)	+82bps
Canada (BoC Valet API)
Cash Rate	2.25%	-4bps	-1bps	-52bps
2Y Yield	3.02%	+20bps	+11bps	+30bps
10Y Yield	3.75%	+19bps	+21bps	+29bps
30Y Yield ("Long" bond)	4.15%	+17bps	+24bps	+29bps
Eurozone (ECB API, daily — AAA euro govt composite)
Cash Rate ⚠️sparse (policy rate)	2.25%	+25bps	+25bps	0bps
2Y Yield	2.79%	+3bps	+31bps	+83bps
10Y Yield	3.28%	+8bps	+29bps	+44bps
30Y Yield	3.73%	+8bps	+26bps	+43bps
United Kingdom (BoE yield curve ZIP — 2Y/30Y par; IADB fallback)
Cash Rate	3.75%	0bps	0bps	-25bps
2Y Yield	4.28%	N/A	N/A	N/A
10Y Yield	5.13%	N/A	N/A	N/A
30Y Yield	5.93%	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	2.85%	N/A	N/A	N/A
30Y Yield	4.00%	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	1.68%	N/A	N/A	N/A
10Y Yield	2.36%	N/A	N/A	N/A
30Y Yield	2.49%	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	0.99%	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)	82bps	+4bps	+8bps	+3bps
US HY OAS (ICE BofA US High Yield)	275bps	+7bps	+3bps	-9bps
EUR HY OAS (ICE BofA Euro HY)	256bps	+8bps	-17bps	-36bps
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 2026-08-21 00:00:00	98.50	-0.10%	-0.33%	-0.19%	+2.79%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-08-21 00:00:00	45.71	+0.04%	+0.48%	+1.49%	-0.85%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-08-21 00:00:00	98.50	+5.85%	+12.81%	+37.22%	+11.81%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-08-21 00:00:00	45.71	-9.81%	+0.72%	+32.19%	-5.50%

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 2026-08-21 00:00:00	86.64 USD/bbl	-1.35%	+5.15%	-6.02%	-10.08%	+37.07%
Brent Crude Oil BZ=F front-month futures as of 2026-08-21 00:00:00	93.87 USD/bbl	+0.10%	+6.04%	-6.77%	-8.49%	+40.44%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-08-21 00:00:00	2.80 USD/MMBtu	+2.38%	+2.38%	-4.05%	-7.29%	+1.67%
Gold GC=F front-month futures as of 2026-08-21 00:00:00	4,661.60 USD/oz	+3.22%	+6.42%	+15.20%	+2.68%	+39.43%
Silver SI=F front-month futures as of 2026-08-21 00:00:00	69.01 USD/oz	+1.45%	+6.19%	+19.40%	-9.69%	+83.03%
Copper HG=F front-month futures as of 2026-08-21 00:00:00	6.58 USD/lb	+1.86%	-0.30%	+4.36%	+5.16%	+48.67%
Broad Commodities (DJP) DJP ETN proxy as of 2026-08-21 00:00:00	50.62 price	+0.56%	+4.13%	+3.73%	+1.57%	+51.06%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-08-21 00:00:00	14.75 price	+3.95%	+3.24%	+16.32%	+18.00%	+83.46%

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	0.7209	+0.45%	+0.44%	+1.16%	-1.07%	-0.79%
EUR/USD	1.1581	+0.43%	+0.19%	+1.17%	-0.83%	-0.79%
GBP/USD	1.3556	+0.44%	+0.43%	+0.53%	+0.56%	+0.35%
JPY/USD	0.0063	+0.09%	-1.05%	+2.02%	-0.71%	-7.17%
SGD/USD	0.7823	+0.16%	-0.02%	+0.92%	-0.31%	+0.32%
AUD/USD	0.7091	+0.47%	+0.38%	+1.24%	-1.85%	+8.56%
CNY/USD	0.1483	+0.02%	+0.09%	+0.47%	+0.65%	+6.49%
Bitcoin 24/7; midnight UTC ref	$78,538	+7.54%	+25.02%	+25.03%	+23.60%	-13.00%

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 2026-08-20, but XETRA has closed 2026-08-21: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^FTSE: ⚠️ VERIFY — newest print 2026-08-20, but LSE has closed 2026-08-21: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^N225: ⚠️ VERIFY — newest print 2026-08-20, but TSE has closed 2026-08-21: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^STI: ⚠️ VERIFY — newest print 2026-08-20, but SGX has closed 2026-08-21: one session behind (stale feed, or a market holiday not in our calendar)
EQUITY: ^AXJO: ⚠️ VERIFY — newest print 2026-08-20, but ASX has closed 2026-08-21: 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 2026-08-21: 10 sessions behind
EQUITY: ^HSCE: ⚠️ VERIFY — newest print 2026-08-20, but HKEX has closed 2026-08-21: one session behind (stale feed, or a market holiday not in our calendar)

Generated 2026-08-22 07:12 SGT | Market Monitor Phase 4g

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