The altii Market Overview
Date: 2026-05-21
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Executive Summary
- Risk sentiment: neutral_to_positive
- Equity momentum: moderately_positive
- DACH versus global: dach_outperforming
- Rates backdrop: euro_yields_mixed
- FX backdrop: mixed
Market Comment
Equities look moderately positive, led by Euro Stoxx 50 at +1.96% over five days, while Nasdaq Composite is the main laggard at -1.37%. Euro rates show euro yields mixed, with the 10-year AAA yield at 3.22% and a five-day move of +6.8 bp. The 10Y-2Y spread is 53.0 bp. FX is mixed, with EUR/USD at 1.1596 and a five-day move of -0.29%. Taken together, the setup points to neutral_to_positive risk sentiment, while dach outperforming keeps the regional signal from being one-sided.
Key Observations
- Euro Stoxx 50 has the strongest 5-day move at 1.96%.
- Nasdaq Composite is the weakest 5-day performer at -1.37%.
- Nasdaq Composite leads on a 1-month basis at 7.65%.
- DACH indicators average 0.42% over 5 days versus -0.65% for global equity indicators.
- Euro area AAA 10Y yield is 3.22%, moving 6.8 bp over 5 days.
- Euro area AAA 10Y-2Y spread is 53.0 bp.
- EUR/USD is 1.1596, moving -0.29% over 5 days.
- EUR/CHF has the strongest 5-day FX move at 0.17%.
Equity Markets
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| DAX | 24,737.24 EUR | +1.38% | +1.15% | +1.31% | -1.02% | 2026-05-20 |
| ATX | 5,904.09 EUR | +1.15% | -0.30% | +0.64% | +11.07% | 2026-05-20 |
| Euro Stoxx 50 | 5,976.07 EUR | +2.13% | +1.96% | -0.11% | +3.10% | 2026-05-20 |
| S&P 500 | 7,432.97 USD | +1.08% | -0.91% | +4.56% | +8.58% | 2026-05-20 |
| Nasdaq Composite | 26,270.36 USD | +1.54% | -1.37% | +7.65% | +13.03% | 2026-05-20 |
| Nikkei 225 | 61,921.39 JPY | +3.54% | +0.83% | +4.33% | +23.01% | 2026-05-21 |
| Hang Seng | 25,658.00 HKD | +0.03% | -1.17% | -3.13% | +0.11% | 2026-05-21 |
Euro Rates
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| Euro Area AAA 2Y Yield | 2.69% | +4.9 bp | +3.3 bp | +27.9 bp | +58.1 bp | 2026-05-19 |
| Euro Area AAA 5Y Yield | 2.85% | +5.7 bp | +6.3 bp | +25.9 bp | +40.6 bp | 2026-05-19 |
| Euro Area AAA 10Y Yield | 3.22% | +4.8 bp | +6.8 bp | +19.5 bp | +27.2 bp | 2026-05-19 |
| Euro Area AAA 30Y Yield | 3.65% | +3.9 bp | +7.5 bp | +13.6 bp | +17.2 bp | 2026-05-19 |
FX
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| EUR/USD | 1.1596 | -0.07% | -0.29% | -1.43% | -1.33% | 2026-05-21 |
| EUR/CHF | 0.9160 | -0.02% | +0.17% | -0.32% | -1.64% | 2026-05-21 |
| EUR/JPY | 184.3800 | -0.18% | -0.02% | -1.53% | +0.18% | 2026-05-21 |
| EUR/GBP | 0.8656 | -0.04% | -0.59% | -0.54% | -0.77% | 2026-05-21 |
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.