Global markets
MARSH Capital | Global Market Highlights
Marsh Capital
Macro & Geopolitics
- Spain inflation 5.0%; pressure builds ahead of Eurozone CPI
- China manufacturing PMI 50.1; composite 50.7 returns to expansion
- UAE passenger rail launches today, linking Abu Dhabi–Dubai–Fujairah
- Anthropic IPO could value AI leader at >$2tn; rapid growth but heavy compute commitments
Rates & Credit
- US 10Y ~5.25%; 30Y ~5.62%
- Long-end yields remain at multi-year highs
- SOFR 3.90% (28/09)
Equities
- GIFT Nifty ~22,810
- S&P -0.2% | Nasdaq -0.1% | Dow -0.3%
- Asia mixed; Japan firmer, China supported by improving PMIs
GCC
| Instrument | Level | Change |
|---|---|---|
| ADX | 10,132 | -0.27%down 0.27% |
| DFM | 5,988 | -0.17%down 0.17% |
| Tadawul | 10,45 | -1.17%down 1.17% |
| Kuwait | 8,798 | -0.53% down 0.53% |
| Oman | 7,579 | -0.15%down 0.15% |
Real Assets & Commodities
| Instrument | Level | Change |
|---|---|---|
| WTI | ~$89.8 | — |
| Brent | ~$103.3 | — |
| Gold | ~$4,210 | — |
| Silver | ~$61.5 | — |
| Copper | ~$6.67/lb | — |
Crypto
| Instrument | Level | Change |
|---|---|---|
| Bitcoin | ~$83,300 | — |
| Ethereum | ~$2,673 | — |
Marsh view
Growth remains resilient, but the cost of that resilience is rising yields. Strong activity + persistent energy inflation are keeping the 10Y above 5%, while softer Fed expectations provide only limited relief for valuations.
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.