Global markets
MARSH Capital | Global Market Highlights
Marsh Capital
Macro & Geopolitics
- US trade deficit widened 13.7% to $105.6bn; imports hit a record $420.8bn.
- India Services PMI rose to 55.2; 3-month high, but below preliminary 55.8.
- German orders plunged 10.6%; largely driven by volatile large transport contracts.
- Oil rose ~1% as Saudi-Houthi tensions and Gulf weather risks lifted the risk premium.
Rates & Credit
- RBI hiked repo 25bp to 5.50%; first increase in ~3½ years.
- US 10Y eased to ~5.27%, but remains near multi-year highs.
- SOFR 3.89% (05/10)
Equities
- GIFT Nifty ~22,800
- US: S&P +0.6% | Nasdaq +0.5% — fresh records.
- Asia softer: Nikkei -0.9% | Hang Seng -0.6%.
GCC
| Instrument | Level | Change |
|---|---|---|
| ADX | 9,993 | -0.17%down 0.17% |
| DFM | 5,907 | -0.02%down 0.02% |
| Tadawul | 10,590 | +1.05%up 1.05% |
| Kuwait | 8,654 | +0.18%up 0.18% |
| Oman | 7,788 | +0.75%up 0.75% |
Real Assets & Commodities
| Instrument | Level | Change |
|---|---|---|
| WTI | ~$90.4 | — |
| Brent | ~$101.7 | — |
| Gold | ~$4,166 | — |
| Silver | ~$61.0 | — |
| Copper | ~$6.63/lb | — |
Crypto
| Instrument | Level | Change |
|---|---|---|
| Bitcoin | ~$84,200 | — |
| Ethereum | ~$2,615 | — |
Marsh view
US growth remains resilient, but trade and energy shocks are complicating the inflation outlook. RBI tightening contrasts with a Fed moving closer to a hold; long-end US yields remain the key global financial-conditions 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.