Global markets
MARSH Capital | Global Market Highlights
Marsh Capital
Macro & Geopolitics
- * Trump rejects Iran's Hormuz proposal; talks may continue
- * Brent rebounds > $105 as geopolitical risk premium returns
- * US durable goods flat; core capital goods +1.6%
- * India IIP due today; consensus ~6.0% YoY
Rates & Credit
- * Treasury yields rebound with oil; 10Y remains near 5%
- * Markets reassess timing of further Fed easing * SOFR 3.88% (24/09)
Equities
- * GIFT Nifty ~22,878 ( - 13.4%)
- US futures softer; oil and yields weigh on risk appetite
GCC
| Instrument | Level | Change |
|---|---|---|
| ADX | 10,200 | -0.05%down 0.05% |
| DFM | 5,980 | -0.05%down 0.05% |
| Tadawul | 10,681 | -0.77%down 0.77% |
| Kuwait | 8,844.8 | +0.09%up 0.09% |
| Oman | 7,543 | -0.14%down 0.14% |
Real Assets & Commodities
| Instrument | Level | Change |
|---|---|---|
| WTI | ~$93.4 | — |
| Brent | ~$105.7 | — |
| Gold | ~$4,220 | — |
| Silver | ~$62.6 | — |
| Copper | ~$6.67/lb | — |
Crypto
| Instrument | Level | Change |
|---|---|---|
| Bitcoin | ~$83,244 | — |
| Ethereum | ~$2,650 | — |
Marsh view
Hormuz risk is back in the price. Renewed oil pressure, resilient US investment and Treasury yields near 5% keep the inflation → rates → valuation channel firmly in focus.
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.