Market Monitor

Generated: 2026-09-03 22:54 SGT | Phase 4g | Returns in local index currency unless noted

VIX14.9

S&P 500 1D+0.43%

US 10Y 1M+9bps

Gold/Copperrisk-off ▲ +1.35%

Data flags4

Section 0 — Market Stress

Indicator	Level	1D	1W	1M
VIX (CBOE Volatility Index)	14.9	-1.64%	+3.03%	-5.44%
Gold/Silver Ratio (GC=F / SI=F) risk-off → ratio rises	67.5	—	—	—
Gold/Copper Ratio (GC=F / HG=F) risk-off → ratio rises	680.7	—	—	—

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 2026-09-03 00:00:00	160.93	+0.48%	-0.37%	+0.27%	+1.79%
MSCI World URTH as of 2026-09-03 00:00:00	209.05	+0.51%	-0.42%	-0.05%	+2.33%
MSCI EM EEM as of 2026-09-03 00:00:00	66.88	-0.40%	-0.43%	+1.33%	-3.85%
Americas
S&P 500 ^GSPC as of 2026-09-03 00:00:00	7,699.45	+0.43%	-0.41%	-0.31%	+1.52%
Nasdaq 100 ^NDX as of 2026-09-03 00:00:00	29,250.68	+0.37%	+0.09%	-1.62%	-4.32%
TSX Composite ^GSPTSE as of 2026-09-03 00:00:00	36,445.49	+0.98%	-1.06%	+0.83%	+3.49%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-09-03 00:00:00	6,365.98	+0.06%	-1.62%	-1.86%	+5.01%
FTSE 100 ^FTSE as of 2026-09-03 00:00:00	10,817.42	+0.57%	-0.63%	-0.37%	+4.41%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-03 00:00:00	64,214.48	-0.17%	-2.90%	+0.40%	-4.83%
STI ^STI as of 2026-09-03 00:00:00	5,747.71	+0.06%	+0.46%	+2.41%	+13.42%
ASX 200 ^AXJO as of 2026-09-02 00:00:00	8,978.40	-0.97%	-1.64%	-1.83%	+3.37%
CSI 300 000300.SS as of 2026-09-03 00:00:00	4,552.58	+0.52%	-3.04%	-7.87%	-3.89%
HSCEI ^HSCE as of 2026-09-03 00:00:00	8,385.24	-0.77%	-1.74%	-2.20%	-2.46%

Index	Level	6M	1Y	3Y	5Y	10Y
Global
MSCI ACWI ACWI as of 2026-09-03 00:00:00	160.93	+13.02%	+22.80%	+75.12%	+70.46%	+228.28%
MSCI World URTH as of 2026-09-03 00:00:00	209.05	+12.49%	+21.09%	+74.48%	+73.06%	+242.77%
MSCI EM EEM as of 2026-09-03 00:00:00	66.88	+13.85%	+36.87%	+82.82%	+46.20%	+125.35%
Americas
S&P 500 ^GSPC as of 2026-09-03 00:00:00	7,699.45	+12.72%	+19.40%	+71.19%	+72.25%	+253.93%
Nasdaq 100 ^NDX as of 2026-09-03 00:00:00	29,250.68	+16.57%	+25.91%	+94.32%	+90.32%	+507.05%
TSX Composite ^GSPTSE as of 2026-09-03 00:00:00	36,445.49	+8.44%	+26.76%	+79.27%	+77.75%	+148.00%
EMEA
Euro Stoxx 50 ^STOXX50E as of 2026-09-03 00:00:00	6,365.98	+10.30%	+18.95%	+50.42%	+51.90%	+115.04%
FTSE 100 ^FTSE as of 2026-09-03 00:00:00	10,817.42	+3.18%	+17.86%	+45.67%	+51.54%	+57.72%
Asia-Pacific
Nikkei 225 ^N225 as of 2026-09-03 00:00:00	64,214.48	+10.61%	+50.70%	+93.58%	+128.37%	N/A
STI ^STI as of 2026-09-03 00:00:00	5,747.71	+16.90%	+34.42%	+78.33%	+84.85%	+102.60%
ASX 200 ^AXJO as of 2026-09-02 00:00:00	8,978.40	+0.43%	+1.72%	+25.20%	+19.52%	+71.75%
CSI 300 000300.SS as of 2026-09-03 00:00:00	4,552.58	-3.91%	+14.32%	+18.43%	-8.81%	N/A
HSCEI ^HSCE as of 2026-09-03 00:00:00	8,385.24	-5.35%	-7.65%	+26.05%	-17.41%	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	2.30%	-3bps	+2bps	-46bps
2Y Yield	3.11%	+28bps	+30bps	+42bps
10Y Yield	3.80%	+25bps	+37bps	+38bps
30Y Yield ("Long" bond)	4.18%	+22bps	+38bps	+33bps
Eurozone (ECB API, daily — AAA euro govt composite)
Cash Rate ⚠️sparse (policy rate)	2.25%	+25bps	+25bps	0bps
2Y Yield	2.91%	+25bps	+31bps	+101bps
10Y Yield	3.39%	+25bps	+30bps	+65bps
30Y Yield	3.78%	+19bps	+22bps	+51bps
United Kingdom (BoE yield curve ZIP — 2Y/30Y par; IADB fallback)
Cash Rate	3.75%	0bps	0bps	-25bps
2Y Yield	4.42%	N/A	N/A	N/A
10Y Yield	5.24%	N/A	N/A	N/A
30Y Yield	5.99%	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	1.72%	N/A	N/A	N/A
10Y Yield	2.39%	N/A	N/A	N/A
30Y Yield	2.47%	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)	266bps	-7bps	-10bps	-13bps
EUR HY OAS (ICE BofA Euro HY)	262bps	-5bps	+3bps	-18bps
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 2026-09-03 00:00:00	96.22	+0.46%	-1.46%	-2.73%	+1.01%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-03 00:00:00	45.08	+0.84%	-1.00%	-2.37%	+0.48%

ETF	Price	6M	1Y	3Y	5Y
US REITs (Vanguard Real Estate) VNQ as of 2026-09-03 00:00:00	96.22	+3.73%	+10.12%	+31.04%	+10.12%
Global ex-US REITs (Vanguard Global ex-US RE) VNQI as of 2026-09-03 00:00:00	45.08	-5.62%	+1.57%	+26.83%	-5.38%

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 2026-09-03 00:00:00	92.06 USD/bbl	+1.15%	+10.21%	+22.39%	-1.05%	+43.91%
Brent Crude Oil BZ=F front-month futures as of 2026-09-03 00:00:00	96.57 USD/bbl	+0.98%	+7.66%	+21.55%	+1.62%	+42.86%
Natural Gas (Henry Hub) NG=F front-month futures as of 2026-09-03 00:00:00	2.95 USD/MMBtu	-0.03%	+1.65%	+9.93%	-11.42%	-3.56%
Gold GC=F front-month futures as of 2026-09-03 00:00:00	4,520.00 USD/oz	+3.52%	-1.95%	+6.46%	+0.99%	+25.79%
Silver SI=F front-month futures as of 2026-09-03 00:00:00	67.00 USD/oz	+3.51%	-3.51%	+7.88%	-9.20%	+61.27%
Copper HG=F front-month futures as of 2026-09-03 00:00:00	6.63 USD/lb	+2.05%	+0.72%	-1.02%	+1.90%	+45.54%
Broad Commodities (DJP) DJP ETN proxy as of 2026-09-03 00:00:00	51.88 price	-0.31%	+3.43%	+13.03%	+5.60%	+48.82%
Baltic Dry proxy (BDRY) BDRY ETF proxy ⚠️not BDI — tracking error as of 2026-09-03 00:00:00	16.01 price	-3.44%	+6.31%	+15.10%	+26.86%	+99.63%

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	$80,258	+3.83%	+2.57%	+26.58%	+30.53%	-8.00%

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: ^AXJO: ⚠️ VERIFY — newest print 2026-09-02, but ASX has closed 2026-09-03: 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

Generated 2026-09-03 22:54 SGT | Market Monitor Phase 4g

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