The altii Market Overview
Date: 2026-10-25
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Executive Summary
- Risk sentiment: negative
- Equity momentum: broadly_negative
- DACH versus global: broadly_in_line
- Rates backdrop: euro_yields_mixed
- FX backdrop: mixed
Market Comment
Equities look broadly negative, led by DAX at -0.55% over five days, while Hang Seng is the main laggard at -4.52%. Euro rates show euro yields mixed, with the 10-year AAA yield at 3.38% and a five-day move of -6.0 bp. The 10Y-2Y spread is 37.7 bp. FX is mixed, with EUR/USD at 1.1219 and a five-day move of -0.11%. Taken together, the setup points to negative risk sentiment, while broadly in line keeps the regional signal from being one-sided.
Key Observations
- DAX has the strongest 5-day move at -0.55%.
- Hang Seng is the weakest 5-day performer at -4.52%.
- DAX leads on a 1-month basis at -0.90%.
- DACH indicators average -2.09% over 5 days versus -2.65% for global equity indicators.
- Euro area AAA 10Y yield is 3.38%, moving -6.0 bp over 5 days.
- Euro area AAA 10Y-2Y spread is 37.7 bp.
- EUR/USD is 1.1219, moving -0.11% over 5 days.
Equity Markets
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| DAX | 25,181.65 EUR | -0.75% | -0.55% | -0.90% | +0.33% | 2026-10-23 |
| ATX | 6,270.26 EUR | +0.10% | -3.63% | -9.24% | +17.96% | 2026-10-23 |
| Euro Stoxx 50 | 6,070.80 EUR | -0.45% | -0.68% | -3.61% | +4.74% | 2026-10-23 |
| S&P 500 | 7,623.68 USD | -0.52% | -0.87% | -1.07% | +11.37% | 2026-10-23 |
| Nasdaq Composite | 25,955.34 USD | -0.21% | -1.80% | -3.64% | +11.67% | 2026-10-23 |
| Nikkei 225 | 62,693.16 JPY | -0.34% | -3.43% | -3.58% | +24.54% | 2026-10-23 |
| Hang Seng | 23,093.40 HKD | +0.69% | -4.52% | -7.01% | -9.90% | 2026-10-23 |
Euro Rates
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| Euro Area AAA 2Y Yield | 3.01% | -2.1 bp | -2.2 bp | -12.8 bp | +89.9 bp | 2026-10-22 |
| Euro Area AAA 5Y Yield | 3.13% | -2.6 bp | -2.3 bp | -8.4 bp | +69.3 bp | 2026-10-22 |
| Euro Area AAA 10Y Yield | 3.38% | -4.5 bp | -6.0 bp | -6.8 bp | +43.6 bp | 2026-10-22 |
| Euro Area AAA 30Y Yield | 3.62% | -6.1 bp | -9.7 bp | -10.0 bp | +13.9 bp | 2026-10-22 |
Policy rates: US Federal Funds Target Range (Federal Reserve): 3.75% to 4.00%, as of 2026-10-24; last change: hike of 25 bp, effective 2026-09-17; ECB Deposit Facility Rate (European Central Bank): 2.50%, as of 2026-10-25; last change: hike of 25 bp, effective 2026-09-16.
FX
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| EUR/USD | 1.1219 | -0.03% | -0.11% | -1.55% | -4.52% | 2026-10-25 |
| EUR/CHF | 0.9231 | -0.02% | -0.35% | -2.15% | -0.77% | 2026-10-25 |
| EUR/JPY | 176.2700 | -0.03% | -0.77% | -2.26% | -4.08% | 2026-10-25 |
| EUR/GBP | 0.8378 | -0.03% | -0.22% | -2.58% | -3.88% | 2026-10-25 |
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.