The altii Market Overview
Date: 2026-05-20
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Executive Summary
- Risk sentiment: neutral_to_negative
- Equity momentum: mixed
- DACH versus global: dach_outperforming
- Rates backdrop: euro_yields_mixed
- FX backdrop: mixed
Market Comment
Equities look mixed, led by DAX at +1.09% over five days, while Nikkei 225 is the main laggard at -4.68%. Euro rates show euro yields mixed, with the 10-year AAA yield at 3.17% and a five-day move of +2.2 bp. The 10Y-2Y spread is 53.2 bp. FX is mixed, with EUR/USD at 1.1609 and a five-day move of -0.33%. Taken together, the setup points to neutral_to_negative risk sentiment, while dach outperforming keeps the regional signal from being one-sided.
Key Observations
- DAX has the strongest 5-day move at 1.09%.
- Nikkei 225 is the weakest 5-day performer at -4.68%.
- Nasdaq Composite leads on a 1-month basis at 5.73%.
- DACH indicators average 0.13% over 5 days versus -2.67% for global equity indicators.
- Euro area AAA 10Y yield is 3.17%, moving 2.2 bp over 5 days.
- Euro area AAA 10Y-2Y spread is 53.2 bp.
- EUR/USD is 1.1609, moving -0.33% over 5 days.
- EUR/JPY has the strongest 5-day FX move at 0.35%.
Equity Markets
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| DAX | 24,400.65 EUR | +0.38% | +1.09% | -1.22% | -3.40% | 2026-05-19 |
| ATX | 5,836.92 EUR | -0.64% | -0.84% | -2.03% | +9.80% | 2026-05-19 |
| Euro Stoxx 50 | 5,851.16 EUR | +0.04% | +0.74% | -3.41% | +0.95% | 2026-05-19 |
| S&P 500 | 7,353.61 USD | -0.67% | -1.22% | +3.19% | +7.42% | 2026-05-19 |
| Nasdaq Composite | 25,870.71 USD | -0.84% | -2.01% | +5.73% | +11.31% | 2026-05-19 |
| Nikkei 225 | 59,720.90 JPY | -1.37% | -4.68% | +1.52% | +18.64% | 2026-05-20 |
| Hang Seng | 25,661.00 HKD | -0.53% | -2.76% | -2.66% | +0.12% | 2026-05-20 |
Euro Rates
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| Euro Area AAA 2Y Yield | 2.64% | -4.7 bp | -1.8 bp | +23.0 bp | +53.1 bp | 2026-05-18 |
| Euro Area AAA 5Y Yield | 2.79% | -4.0 bp | +1.0 bp | +20.2 bp | +34.9 bp | 2026-05-18 |
| Euro Area AAA 10Y Yield | 3.17% | -2.3 bp | +2.2 bp | +14.7 bp | +22.4 bp | 2026-05-18 |
| Euro Area AAA 30Y Yield | 3.61% | +0.4 bp | +3.6 bp | +9.7 bp | +13.3 bp | 2026-05-18 |
FX
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| EUR/USD | 1.1609 | -0.12% | -0.33% | -1.40% | -1.22% | 2026-05-20 |
| EUR/CHF | 0.9165 | +0.14% | +0.23% | -0.51% | -1.59% | 2026-05-20 |
| EUR/JPY | 185.1500 | +0.08% | +0.35% | -1.13% | +0.60% | 2026-05-20 |
| EUR/GBP | 0.8663 | -0.18% | -0.38% | -0.53% | -0.69% | 2026-05-20 |
Data Quality
No data collection errors were recorded.
Important Note / Wichtiger Hinweis:
EN: This report may have been generated using AI. It processes data from publicly available sources. The content is provided for informational purposes only.DE: Dieser Bericht kann mithilfe von KI erstellt worden sein. Dabei werden Daten aus öffentlich zugänglichen Quellen verarbeitet. Die Inhalte dienen ausschließlich Informationszwecken.
* DE: Die ergänzenden Inhalte können KI-generiert sein. EN: The additional content may be AI-generated.