Global markets
MARSH Capital | Global Market Highlights
Marsh Capital
Macro & Geopolitics
- Oil remains volatile; Brent around $100.6 as Gulf supply risks offset recovering exports.
- US payrolls +29k; unemployment 4.2% — clear labour-market cooling.
- Focus shifts to Fed minutes + inflation/rates signals; October hike odds now ~23%.
Rates & Credit
- US 10Y remains near 5.3%; long-end inflation/debt concerns persist.
- SOFR 3.88% (02/10)
Equities
- GIFT Nifty ~22,800
- US: Nasdaq hit a record high; S&P +0.7% | Dow +0.2%.
GCC
| Instrument | Level | Change |
|---|---|---|
| ADX | 10,010.55 | +0.38%up 0.38% |
| DFM | 5,908 | +0.12%up 0.12% |
| Tadawul | 10,479.780 | -0.25%down -0.25% |
| Kuwait | 8,638.50 | -0.59down 0.59 |
| Oman | 7,729.87 | +0.68%up 0.68% |
Real Assets & Commodities
| Instrument | Level | Change |
|---|---|---|
| WTI | ~$89.7 | — |
| Brent | ~$100.6 | — |
| Gold | ~$4,150 | — |
| Silver | ~$60.9 | — |
| Copper | ~$6.65/lb | — |
Crypto
| Instrument | Level | Change |
|---|---|---|
| Bitcoin | ~$85,60.4.74 | — |
| Ethereum | ~$2,701.83 | — |
Marsh view
Labour-market weakness has sharply reduced near-term Fed-hike risk, but 10Y yields near 5.3% and services inflation remain key constraints. The macro balance is shifting from “Fed tightening” toward “growth slowdown vs. persistent inflation and energy 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.