Global markets
MARSH Capital | Global Market Highlights
Marsh Capital
Macro & Geopolitics
- • Brent surged ~4.8% to $105 on Gulf supply risks and Middle East tensions.
- • US Gulf shut-ins reached ~25% of oil output amid Hurricane Isaias.
- • Trump’s comments eased some immediate fears of US military action against Iran.
- • Focus today: US Michigan consumer sentiment
Rates & Credit
- • US 10Y yields retreated to ~5.23% after a strong 30Y Treasury auction.
- • Markets weigh higher oil-driven inflation against pressure on growth and equities.
- • SOFR 3.88% (07/10)
Equities
- • GIFT Nifty ~22,573.05
- • Wall Street: S&P -0.5% | Nasdaq -1.3% | Dow +0.1%.
- • Chip stocks fell as reported OpenAI revenue concerns raised questions over AI spending and financing.
GCC
| Instrument | Level | Change |
|---|---|---|
| ADX | 9,801 | -1.60%down 1.60% |
| DFM | 5,799 | -1.67% down 1.67% |
| Tadawul | 10,376 | -1.57% down 1.57% |
| Kuwait | 8,632.7 | -0.40% | down 0.40% | |
| Oman | 7,832 | +0.05%up 0.05% |
Real Assets & Commodities
| Instrument | Level | Change |
|---|---|---|
| WTI | ~$92.7 | — |
| Brent | ~$105.0 | — |
| Gold | ~$4,150 | — |
| Silver | ~$61.0 | — |
| Copper | ~$6.64/lb | — |
Crypto
| Instrument | Level | Change |
|---|---|---|
| Bitcoin | ~$82,387.52 | — |
| Ethereum | ~$2,492.14 | — |
Marsh view
• Oil and long-end yields are the key transmission risks. • Higher energy costs could reignite inflation pressure just as equity markets question the scale and financing of AI investment. • A sustained oil spike would complicate the outlook for both growth and monetary easing.
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.