The altii Market Overview
Date: 2026-07-04
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Executive Summary
- Risk sentiment: neutral_to_positive
- Equity momentum: mixed
- DACH versus global: dach_outperforming
- Rates backdrop: euro_yields_mixed_curve_steepening
- FX backdrop: mixed
Market Comment
Equities look mixed, led by DAX at +4.68% over five days, while Nikkei 225 is the main laggard at +0.40%. Euro rates show euro yields mixed curve steepening, with the 10-year AAA yield at 2.99% and a five-day move of +6.6 bp. The 10Y-2Y spread is 53.4 bp. FX is mixed, with EUR/USD at 1.1444 and a five-day move of +0.28%. Taken together, the setup points to neutral_to_positive risk sentiment, while dach outperforming keeps the regional signal from being one-sided.
Key Observations
- DAX has the strongest 5-day move at 4.68%.
- Nikkei 225 is the weakest 5-day performer at 0.40%.
- ATX leads on a 1-month basis at 7.71%.
- DACH indicators average 4.03% over 5 days versus 1.82% for global equity indicators.
- Euro area AAA 10Y yield is 2.99%, moving 6.6 bp over 5 days.
- Euro area AAA 10Y-2Y spread is 53.4 bp.
- EUR/USD is 1.1444, moving 0.28% over 5 days.
Equity Markets
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| DAX | 25,779.31 EUR | +0.78% | +4.68% | +3.97% | +5.26% | 2026-07-03 |
| ATX | 6,565.92 EUR | +1.06% | +3.37% | +7.71% | +23.52% | 2026-07-03 |
| Euro Stoxx 50 | 6,412.68 EUR | +0.82% | +2.91% | +5.93% | +10.64% | 2026-07-03 |
| S&P 500 | 7,483.24 USD | +0.00% | +1.76% | -1.66% | +9.32% | 2026-07-02 |
| Nasdaq Composite | 25,832.67 USD | -0.80% | +2.12% | -4.66% | +11.15% | 2026-07-02 |
| Nikkei 225 | 69,744.07 JPY | +1.47% | +0.40% | +1.96% | +38.55% | 2026-07-03 |
| Hang Seng | 23,350.03 HKD | +1.28% | +2.99% | -8.91% | -8.90% | 2026-07-03 |
Euro Rates
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| Euro Area AAA 2Y Yield | 2.45% | -2.0 bp | +0.1 bp | -10.1 bp | +34.6 bp | 2026-07-02 |
| Euro Area AAA 5Y Yield | 2.61% | +1.3 bp | +4.1 bp | -6.2 bp | +17.3 bp | 2026-07-02 |
| Euro Area AAA 10Y Yield | 2.99% | +2.5 bp | +6.6 bp | -3.1 bp | +4.0 bp | 2026-07-02 |
| Euro Area AAA 30Y Yield | 3.50% | +2.3 bp | +7.0 bp | +0.3 bp | +2.3 bp | 2026-07-02 |
FX
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| EUR/USD | 1.1444 | +0.04% | +0.28% | -1.57% | -2.63% | 2026-07-04 |
| EUR/CHF | 0.9202 | -0.02% | -0.27% | +0.30% | -1.12% | 2026-07-04 |
| EUR/JPY | 184.7600 | +0.00% | -0.22% | -0.65% | +0.47% | 2026-07-04 |
| EUR/GBP | 0.8574 | -0.01% | -0.51% | -0.83% | -1.69% | 2026-07-04 |
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.