Global markets
MARSH Capital | Global Market Highlights
Marsh Capital
Macro & Geopolitics
- US PCE 3.4% YoY; below expectations
- Core PCE 3.0%; spending jumped 0.9%
- France inflation 3.4%, adding to Eurozone pressure
- Saudi fiscal/current-account pressures widen amid conflict
Rates & Credit
- US 10Y hits 5.30%; 30Y remains near multi-decade highs
- Softer PCE eases near-term hike pressure; long-end yields remain elevated
- SOFR 3.88% (29/09)
Equities
- GIFT Nifty ~22,630
- S&P -0.3% | Nasdaq +0.2% | Dow -0.9%
GCC
| Instrument | Level | Change |
|---|---|---|
| ADX | 10,070 | -0.61%down 0.61% |
| DFM | 5,961 | -0.46% down 0.46% |
| Tadawul | 10,441 | -0.14% down 0.14% |
| Kuwait | 8,779 | -0.21%down 0.21% |
| Oman | 7,567 | -0.16%down 0.16% |
Real Assets & Commodities
| Instrument | Level | Change |
|---|---|---|
| WTI | ~$90.4 | — |
| Brent | ~$103.0 | — |
| Gold | ~$4,220 | — |
| Silver | ~$61.1 | — |
| Copper | ~$6.6/lb | — |
Crypto
| Instrument | Level | Change |
|---|---|---|
| Bitcoin | ~$84,236.87 | — |
| Ethereum | ~$2,712.79 | — |
Marsh view
Softer PCE reduces near-term Fed-hike pressure, but strong consumption and 10Y yields above 5.2% keep financial conditions tight. The key tension remains growth resilience vs. inflation and term-premium risk.
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.