The altii Market Overview
Date: 2026-07-21
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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
- FX backdrop: mixed
Market Comment
Equities look moderately negative, led by Hang Seng at +1.80% over five days, while Nikkei 225 is the main laggard at -2.55%. Euro rates show euro yields mixed, with the 10-year AAA yield at 3.15% and a five-day move of +2.7 bp. The 10Y-2Y spread is 45.4 bp. FX is mixed, with EUR/USD at 1.1443 and a five-day move of -0.15%. 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
- Hang Seng has the strongest 5-day move at 1.80%.
- Nikkei 225 is the weakest 5-day performer at -2.55%.
- Hang Seng leads on a 1-month basis at 5.02%.
- DACH indicators average -1.43% over 5 days versus -1.09% for global equity indicators.
- Euro area AAA 10Y yield is 3.15%, moving 2.7 bp over 5 days.
- Euro area AAA 10Y-2Y spread is 45.4 bp.
- EUR/USD is 1.1443, moving -0.15% over 5 days.
- EUR/GBP has the strongest 5-day FX move at -0.06%.
Equity Markets
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| DAX | 24,846.69 EUR | +0.06% | -1.19% | -0.56% | +1.45% | 2026-07-20 |
| ATX | 6,396.80 EUR | +0.50% | -1.67% | -2.00% | +20.34% | 2026-07-20 |
| Euro Stoxx 50 | 6,229.83 EUR | -0.02% | -0.80% | -1.01% | +7.48% | 2026-07-20 |
| S&P 500 | 7,443.28 USD | -0.19% | -1.33% | -0.76% | +8.73% | 2026-07-20 |
| Nasdaq Composite | 25,508.07 USD | -0.05% | -2.29% | -3.81% | +9.75% | 2026-07-20 |
| Nikkei 225 | 66,019.33 JPY | +2.93% | -2.55% | -7.34% | +31.15% | 2026-07-21 |
| Hang Seng | 25,125.00 HKD | -0.07% | +1.80% | +5.02% | -1.97% | 2026-07-21 |
Euro Rates
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| Euro Area AAA 2Y Yield | 2.70% | -0.1 bp | +5.3 bp | +17.1 bp | +58.9 bp | 2026-07-17 |
| Euro Area AAA 5Y Yield | 2.83% | -1.0 bp | +5.7 bp | +19.3 bp | +39.0 bp | 2026-07-17 |
| Euro Area AAA 10Y Yield | 3.15% | -2.5 bp | +2.7 bp | +16.7 bp | +20.4 bp | 2026-07-17 |
| Euro Area AAA 30Y Yield | 3.60% | -4.8 bp | -0.9 bp | +12.3 bp | +12.3 bp | 2026-07-17 |
FX
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| EUR/USD | 1.1443 | -0.01% | -0.15% | -0.28% | -2.64% | 2026-07-21 |
| EUR/CHF | 0.9245 | +0.02% | -0.08% | -0.01% | -0.67% | 2026-07-21 |
| EUR/JPY | 185.9300 | +0.00% | -0.08% | +0.48% | +1.11% | 2026-07-21 |
| EUR/GBP | 0.8503 | -0.01% | -0.06% | -1.91% | -2.51% | 2026-07-21 |
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.