The altii Market Overview
Date: 2026-10-28
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Executive Summary
- Risk sentiment: neutral_to_negative
- Equity momentum: moderately_negative
- DACH versus global: broadly_in_line
- Rates backdrop: euro_yields_mixed_curve_flattening
- FX backdrop: mixed
Market Comment
Equities look moderately negative, led by Nikkei 225 at +1.62% over five days, while Nasdaq Composite is the main laggard at -0.84%. Euro rates show euro yields mixed curve flattening, with the 10-year AAA yield at 3.37% and a five-day move of -6.7 bp. The 10Y-2Y spread is 34.8 bp. FX is mixed, with EUR/USD at 1.1175 and a five-day move of -0.38%. Taken together, the setup points to neutral_to_negative risk sentiment, while broadly in line keeps the regional signal from being one-sided.
Key Observations
- Nikkei 225 has the strongest 5-day move at 1.62%.
- Nasdaq Composite is the weakest 5-day performer at -0.84%.
- DAX leads on a 1-month basis at 0.72%.
- DACH indicators average -0.29% over 5 days versus 0.26% for global equity indicators.
- Euro area AAA 10Y yield is 3.37%, moving -6.7 bp over 5 days.
- Euro area AAA 10Y-2Y spread is 34.8 bp.
- EUR/USD is 1.1175, moving -0.38% over 5 days.
- EUR/CHF has the strongest 5-day FX move at 0.12%.
Equity Markets
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| DAX | 25,590.77 EUR | +0.71% | -0.21% | +0.72% | +0.50% | 2026-10-27 |
| ATX | 6,429.63 EUR | +2.54% | -0.36% | -7.40% | +20.95% | 2026-10-27 |
| Euro Stoxx 50 | 6,158.90 EUR | -0.23% | +0.99% | -2.90% | +6.26% | 2026-10-28 |
| S&P 500 | 7,722.60 USD | +0.60% | -0.45% | -0.27% | +12.81% | 2026-10-27 |
| Nasdaq Composite | 26,477.81 USD | +1.18% | -0.84% | -2.18% | +13.92% | 2026-10-27 |
| Nikkei 225 | 63,923.87 JPY | +1.04% | +1.62% | -2.97% | +26.99% | 2026-10-28 |
| Hang Seng | 23,096.62 HKD | +0.24% | +0.71% | -6.27% | -9.89% | 2026-10-28 |
Euro Rates
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| Euro Area AAA 2Y Yield | 3.03% | +4.2 bp | -0.3 bp | -22.6 bp | +91.7 bp | 2026-10-26 |
| Euro Area AAA 5Y Yield | 3.13% | +2.1 bp | -3.4 bp | -24.6 bp | +69.1 bp | 2026-10-26 |
| Euro Area AAA 10Y Yield | 3.37% | +0.4 bp | -6.7 bp | -24.1 bp | +42.6 bp | 2026-10-26 |
| Euro Area AAA 30Y Yield | 3.60% | -1.7 bp | -9.1 bp | -18.5 bp | +12.4 bp | 2026-10-26 |
Policy rates: US Federal Funds Target Range (Federal Reserve): 3.75% to 4.00%, as of 2026-10-27; last change: hike of 25 bp, effective 2026-09-17; ECB Deposit Facility Rate (European Central Bank): 2.50%, as of 2026-10-28; last change: hike of 25 bp, effective 2026-09-16.
FX
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| EUR/USD | 1.1175 | -0.04% | -0.38% | -1.93% | -4.89% | 2026-10-28 |
| EUR/CHF | 0.9244 | -0.01% | +0.12% | -2.23% | -0.62% | 2026-10-28 |
| EUR/JPY | 176.1400 | -0.02% | -0.03% | -1.83% | -4.15% | 2026-10-28 |
| EUR/GBP | 0.8374 | -0.02% | -0.06% | -2.50% | -3.94% | 2026-10-28 |
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.