Global markets
MARSH Capital | Global Market Highlights
Marsh Capital
Macro & Geopolitics
- Brent swung sharply, reaching ~$102 as Hormuz risk and US military deployments kept the risk premium elevated.
- US jobless claims 197k; continuing claims at a multi-year low — labour market remains resilient.
Rates & Credit
- US 10Y eased to ~5.23%; 2Y fell to ~4.79% ahead of payrolls.
- SOFR 3.90% (30/09)
Equities
- GIFT Nifty ~22,800
- Wall Street ended marginally higher; S&P +0.2% | Nasdaq +0.0% | Dow +0.0%.
GCC
| Instrument | Level | Change |
|---|---|---|
| ADX | 9,998 | -0.72%down 0.72% |
| DFM | 5,930 | -0.51% down 0.51% |
| Tadawul | 10,393 | -0.46% down 0.46% |
| Kuwait | 8,714 | -0.75%down 0.75% |
| Oman | 7,598 | +0.42%up 0.42% |
Real Assets & Commodities
| Instrument | Level | Change |
|---|---|---|
| WTI | ~$92.9 | — |
| Brent | ~$102.4 | — |
| Gold | ~$4,212 | — |
| Silver | ~$61.5 | — |
| Copper | ~$6.58/lb | — |
Crypto
| Instrument | Level | Change |
|---|---|---|
| Bitcoin | ~$86,600 | — |
| Ethereum | ~$2,740 | — |
Marsh view
Strong manufacturing and resilient labour data keep inflation risks alive, while sharply lower 2Y yields show markets remain cautious on near-term Fed tightening.
Levels are indicative and as at the time of writing. This note is general market commentary prepared for professional discussion. It is not investment research, advice, an offer, a recommendation or a solicitation relating to any financial product or transaction, and it does not take account of any particular objectives or circumstances.