The altii Market Overview
Date: 2026-09-21
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Executive Summary
- Risk sentiment: neutral
- Equity momentum: moderately_negative
- DACH versus global: dach_lagging
- Rates backdrop: euro_yields_mixed_curve_flattening
- FX backdrop: mixed
Market Comment
Equities look moderately negative, led by Nikkei 225 at +2.40% over five days, while DAX is the main laggard at -0.54%. Euro rates show euro yields mixed curve flattening, with the 10-year AAA yield at 3.49% and a five-day move of -3.5 bp. The 10Y-2Y spread is 33.9 bp. FX is mixed, with EUR/USD at 1.1493 and a five-day move of -0.14%. Taken together, the setup points to neutral risk sentiment, while dach lagging keeps the regional signal from being one-sided.
Key Observations
- Nikkei 225 has the strongest 5-day move at 2.40%.
- DAX is the weakest 5-day performer at -0.54%.
- ATX leads on a 1-month basis at 3.11%.
- DACH indicators average -0.01% over 5 days versus 1.22% for global equity indicators.
- Euro area AAA 10Y yield is 3.49%, moving -3.5 bp over 5 days.
- Euro area AAA 10Y-2Y spread is 33.9 bp.
- EUR/USD is 1.1493, moving -0.14% over 5 days.
- EUR/JPY has the strongest 5-day FX move at 0.66%.
Equity Markets
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| DAX | 25,304.06 EUR | -1.60% | -0.54% | -3.02% | +3.32% | 2026-09-18 |
| ATX | 6,798.18 EUR | -0.97% | +0.52% | +3.11% | +27.89% | 2026-09-18 |
| Euro Stoxx 50 | 6,270.00 EUR | +0.39% | -0.21% | -2.77% | +8.17% | 2026-09-18 |
| S&P 500 | 7,650.50 USD | +0.17% | +0.40% | -0.75% | +11.76% | 2026-09-18 |
| Nasdaq Composite | 26,522.54 USD | +0.39% | +1.28% | +0.73% | +14.11% | 2026-09-18 |
| Nikkei 225 | 65,018.95 JPY | +1.38% | +2.40% | -0.47% | +29.16% | 2026-09-18 |
| Hang Seng | 24,860.00 HKD | +0.44% | +0.78% | -4.42% | -3.01% | 2026-09-21 |
Euro Rates
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| Euro Area AAA 2Y Yield | 3.15% | -1.8 bp | +2.1 bp | +36.8 bp | +104.0 bp | 2026-09-17 |
| Euro Area AAA 5Y Yield | 3.24% | -3.8 bp | +0.3 bp | +30.7 bp | +79.8 bp | 2026-09-17 |
| Euro Area AAA 10Y Yield | 3.49% | -4.6 bp | -3.5 bp | +19.9 bp | +53.9 bp | 2026-09-17 |
| Euro Area AAA 30Y Yield | 3.75% | -3.6 bp | -5.3 bp | +1.3 bp | +27.2 bp | 2026-09-17 |
FX
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| EUR/USD | 1.1493 | +0.00% | -0.14% | -1.67% | -2.20% | 2026-09-21 |
| EUR/CHF | 0.9471 | -0.02% | +0.06% | +1.28% | +1.78% | 2026-09-21 |
| EUR/JPY | 180.3200 | +0.10% | +0.66% | -2.87% | -1.93% | 2026-09-21 |
| EUR/GBP | 0.8584 | -0.02% | +0.06% | +0.19% | -1.53% | 2026-09-21 |
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.