Equities
- S&P 500: ~6,680
- Nasdaq: ~22,050
- Dow Jones: ~40,250
- STOXX Europe 600: ~592
- Nikkei 225: ~54,200
- Shanghai Composite: ~3,210
- Hang Seng: ~17,450
- TASI: ~12,480
- MSCI ACWI: ~1,018
Read:
Global equities are grinding higher, but the move is:
- Uneven across regions
- Narrow in leadership
- Low in conviction
This is positioning—not a broad re-risking cycle.
Rates
- US 2Y: ~4.08%
- US 10Y: ~4.38%
- German 10Y: ~2.65%
Insight:
Yields remain elevated and stable.
Markets are no longer aggressively repricing, but:
- There is no easing impulse
- Real rates remain restrictive
➡️ الضغط مستمر على التقييمات خصوصاً في أسهم النمو
FX
- DXY: ~101.0
- USD/JPY: ~160.2
- EUR/USD: ~1.12
- USD/CNY: ~7.28
Takeaway:
- USD strength persists
- JPY is at a critical policy-sensitive level
- CNY remains under controlled pressure
➡️ FX is reflecting rate differentials + capital flow discipline
Commodities
- Brent: ~$99–101
- WTI: ~$95–97
- Gold: ~$2,235
Observation:
- Oil is testing $100 again, but still lacks breakout conviction
- Gold is drifting sideways despite macro uncertainty
➡️ No strong inflation shock signal—for now