The altii Market Overview
Date: 2026-11-04
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Executive Summary
- Risk sentiment: negative
- Equity momentum: moderately_negative
- DACH versus global: dach_outperforming
- Rates backdrop: euro_yields_mixed
- FX backdrop: mixed
Market Comment
Equities look moderately negative, led by Hang Seng at +2.84% over five days, while Nikkei 225 is the main laggard at -4.61%. Euro rates show euro yields mixed, with the 10-year AAA yield at 3.33% and a five-day move of -4.5 bp. The 10Y-2Y spread is 33.3 bp. FX is mixed, with EUR/USD at 1.1196 and a five-day move of +0.15%. Taken together, the setup points to negative risk sentiment, while dach outperforming keeps the regional signal from being one-sided.
Key Observations
- Hang Seng has the strongest 5-day move at 2.84%.
- Nikkei 225 is the weakest 5-day performer at -4.61%.
- DAX leads on a 1-month basis at 2.51%.
- DACH indicators average -0.03% over 5 days versus -2.11% for global equity indicators.
- Euro area AAA 10Y yield is 3.33%, moving -4.5 bp over 5 days.
- Euro area AAA 10Y-2Y spread is 33.3 bp.
- EUR/USD is 1.1196, moving 0.15% over 5 days.
- EUR/JPY has the strongest 5-day FX move at 0.45%.
Equity Markets
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| DAX | 25,864.62 EUR | -0.45% | +0.62% | +2.51% | -1.29% | 2026-11-03 |
| ATX | 6,396.13 EUR | -0.53% | -0.67% | -4.79% | +20.32% | 2026-11-03 |
| Euro Stoxx 50 | 6,107.70 EUR | -0.55% | -1.16% | -2.39% | +5.37% | 2026-11-03 |
| S&P 500 | 7,568.92 USD | +0.36% | -2.26% | -1.99% | +10.57% | 2026-11-03 |
| Nasdaq Composite | 25,372.01 USD | +0.83% | -4.44% | -6.69% | +9.16% | 2026-11-03 |
| Nikkei 225 | 61,008.04 JPY | -3.29% | -4.61% | -12.78% | +21.19% | 2026-11-04 |
| Hang Seng | 23,611.66 HKD | +0.36% | +2.84% | -1.78% | -7.88% | 2026-11-04 |
Euro Rates
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| Euro Area AAA 2Y Yield | 2.99% | -1.2 bp | -2.2 bp | +0.2 bp | +88.5 bp | 2026-11-02 |
| Euro Area AAA 5Y Yield | 3.07% | -3.4 bp | -4.6 bp | -6.6 bp | +62.6 bp | 2026-11-02 |
| Euro Area AAA 10Y Yield | 3.33% | -3.9 bp | -4.5 bp | -13.7 bp | +37.8 bp | 2026-11-02 |
| Euro Area AAA 30Y Yield | 3.59% | -2.6 bp | -0.8 bp | -12.9 bp | +11.0 bp | 2026-11-02 |
Policy rates: US Federal Funds Target Range (Federal Reserve): 3.75% to 4.00%, as of 2026-11-03; last change: hike of 25 bp, effective 2026-09-17; ECB Deposit Facility Rate (European Central Bank): 2.50%, as of 2026-11-04; last change: hike of 25 bp, effective 2026-09-16.
FX
| Instrument | Value | 1D | 5D | 1M | YTD | As of |
|---|---|---|---|---|---|---|
| EUR/USD | 1.1196 | +0.00% | +0.15% | -0.31% | -4.71% | 2026-11-04 |
| EUR/CHF | 0.9177 | -0.02% | -0.39% | -1.46% | -1.34% | 2026-11-04 |
| EUR/JPY | 176.9800 | +0.05% | +0.45% | -0.22% | -3.69% | 2026-11-04 |
| EUR/GBP | 0.8347 | -0.01% | -0.12% | -1.66% | -4.24% | 2026-11-04 |
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.