Market Monitor

Generated: 2026-09-08 22:55 SGT | Phase 4g | Returns in local index currency unless noted

VIX15.5

S&P 500 1D-0.35%

US 10Y 1M+14bps

Gold/Copperrisk-on ▼ -3.68%

Data flags1

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	15.5	+1.37%	-5.08%	+0.32%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	66.6	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	646.8	—	—	—

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 2026-09-08 00:00:00	161.52	-0.23%	+0.52%	+0.05%	+4.94%
MSCI World URTH as of 2026-09-08 00:00:00	209.26	-0.27%	+0.21%	-0.57%	+4.78%
MSCI EM EEM as of 2026-09-08 00:00:00	68.95	+0.36%	+2.88%	+5.04%	+5.41%
Americas
S&P 500 ^GSPC as of 2026-09-08 00:00:00	7,691.24	-0.35%	+0.07%	-0.86%	+3.86%
Nasdaq 100 ^NDX as of 2026-09-08 00:00:00	29,522.34	-0.07%	+0.22%	-0.67%	+0.37%
TSX Composite ^GSPTSE as of 2026-09-08 00:00:00	36,265.07	-0.68%	-0.01%	-0.32%	+5.18%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-09-08 00:00:00	6,394.28	-0.15%	+0.40%	-2.16%	+5.57%
FTSE 100 ^FTSE as of 2026-09-08 00:00:00	10,822.28	+0.00%	+0.31%	-0.72%	+5.53%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-08 00:00:00	65,269.33	-1.70%	-1.43%	-0.51%	-0.23%
STI ^STI as of 2026-09-08 00:00:00	5,767.45	-0.43%	+1.00%	+1.21%	+16.31%
ASX 200 ^AXJO as of 2026-09-07 00:00:00	9,010.90	+0.06%	-0.72%	-2.73%	+4.13%
CSI 300 000300.SS as of 2026-09-08 00:00:00	4,558.74	+0.65%	-2.91%	-7.75%	-3.76%
HSCEI ^HSCE as of 2026-09-08 00:00:00	8,397.32	-0.38%	-0.77%	-2.60%	+0.87%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-09-08 00:00:00	161.52	+13.65%	+22.32%	+75.87%	+68.99%	+231.55%
MSCI World URTH as of 2026-09-08 00:00:00	209.26	+12.98%	+20.37%	+74.23%	+71.24%	+245.43%
MSCI EM EEM as of 2026-09-08 00:00:00	68.95	+18.58%	+39.35%	+89.05%	+50.00%	+133.53%
Americas
S&P 500 ^GSPC as of 2026-09-08 00:00:00	7,691.24	+13.17%	+18.66%	+70.63%	+69.83%	+254.59%
Nasdaq 100 ^NDX as of 2026-09-08 00:00:00	29,522.34	+18.24%	+24.82%	+90.45%	+89.18%	+517.15%
TSX Composite ^GSPTSE as of 2026-09-08 00:00:00	36,265.07	+9.27%	+24.83%	+76.51%	+76.09%	+145.89%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-09-08 00:00:00	6,394.28	+12.47%	+19.59%	+48.18%	+51.09%	+112.41%
FTSE 100 ^FTSE as of 2026-09-08 00:00:00	10,822.28	+5.59%	+17.09%	+43.77%	+54.07%	+62.17%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-08 00:00:00	65,269.33	+18.07%	+53.96%	+102.96%	+127.27%	N/A
STI ^STI as of 2026-09-08 00:00:00	5,767.45	+21.25%	+33.91%	+78.73%	+86.78%	+100.99%
ASX 200 ^AXJO as of 2026-09-07 00:00:00	9,010.90	+3.66%	+2.36%	+25.03%	+21.36%	+70.18%
CSI 300 000300.SS as of 2026-09-08 00:00:00	4,558.74	-3.78%	+14.48%	+18.59%	-8.69%	N/A
HSCEI ^HSCE as of 2026-09-08 00:00:00	8,397.32	-0.64%	-5.83%	+26.98%	-16.08%	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	2.29%	-1bps	+3bps	-51bps
2Y Yield	3.08%	+16bps	+21bps	+42bps
10Y Yield	3.77%	+16bps	+29bps	+33bps
30Y Yield ("Long" bond)	4.15%	+13bps	+32bps	+26bps
Eurozone (ECB API, daily — AAA euro govt composite)
Cash Rate ⚠️sparse (policy rate)	2.25%	+25bps	+25bps	0bps
2Y Yield	2.91%	+25bps	+28bps	+100bps
10Y Yield	3.39%	+24bps	+27bps	+65bps
30Y Yield	3.78%	+16bps	+22bps	+53bps
United Kingdom (BoE yield curve ZIP — 2Y/30Y par; IADB fallback)
Cash Rate	3.75%	0bps	0bps	-25bps
2Y Yield	4.37%	N/A	N/A	N/A
10Y Yield	5.18%	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	1.85%	N/A	N/A	N/A
10Y Yield	2.94%	N/A	N/A	N/A
30Y Yield	4.01%	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	1.70%	N/A	N/A	N/A
10Y Yield	2.36%	N/A	N/A	N/A
30Y Yield	2.42%	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	2.14%	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)	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 2026-09-08 00:00:00	96.57	+0.58%	+0.14%	-1.88%	+2.05%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-08 00:00:00	45.07	-0.44%	+0.74%	-2.51%	+2.34%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-09-08 00:00:00	96.57	+5.02%	+8.48%	+32.02%	+8.30%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-08 00:00:00	45.07	-4.90%	+0.18%	+27.01%	-6.93%

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 2026-09-08 00:00:00	93.05 USD/bbl	+1.72%	+8.50%	+19.02%	+1.92%	+50.40%
Brent Crude Oil BZ=F front-month futures as of 2026-09-08 00:00:00	98.04 USD/bbl	+1.83%	+8.34%	+17.34%	+4.02%	+49.68%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-09-08 00:00:00	2.89 USD/MMBtu	-2.96%	-1.64%	+8.45%	-8.26%	-5.28%
Gold GC=F front-month futures as of 2026-09-08 00:00:00	4,441.80 USD/oz	+0.27%	+0.24%	+2.33%	+2.44%	+22.93%
Silver SI=F front-month futures as of 2026-09-08 00:00:00	66.65 USD/oz	+0.92%	+0.66%	+5.25%	-2.59%	+62.28%
Copper HG=F front-month futures as of 2026-09-08 00:00:00	6.86 USD/lb	+4.03%	+4.09%	+4.45%	+8.43%	+53.11%
Broad Commodities (DJP) DJP ETN proxy as of 2026-09-08 00:00:00	52.23 price	+1.08%	+1.71%	+11.08%	+10.52%	+51.83%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-09-08 00:00:00	16.50 price	-0.36%	+6.66%	+19.91%	+33.39%	+105.22%

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	$78,501	-0.78%	-3.41%	+21.37%	+24.02%	-11.23%

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: ^AXJO: ⚠️ VERIFY — newest print 2026-09-07, but ASX has closed 2026-09-08: one session behind (stale feed, or a market holiday not in our calendar)

Generated 2026-09-08 22:55 SGT | Market Monitor Phase 4g

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