Morning Update-05/13/2026

Research evidence excerpt

Morning Update-05/13/2026

Morning Update

13 MAY 2026

Close +/- % YTD% Rates & Currency Close +/- % YTD% Commodities Close +/- % YTD%

Dow Jones 49,761 56 0.1 3.5 US 10Y 4.46 0.05 1.2 29bp Brent 1M (USD/bbl) 106.4 -1.4 -1.3 96.5

S&P 500 7,401 -12 -0.2 8.1 Germany 10Y 3.10 0.06 2.1 25bp WTI 1M (USD/bbl) 100.9 -1.3 -1.3 84.2

NASDAQ 26,088 -186 -0.7 12.2 Norway 10Y 4.50 0.07 1.5 35bp Henry Hub 1M (USD/mmbtu) 2.84 -0.1 -2.3 -22.9

VIX 18.0 0 -2.1 20.3 SOFR 3M 3.6 0.0 0.0 -1bp Dutch TTF Nat Gas 1M (EUR/MWh) 46.2 -0.4 -1.0 64.2

Nikkei 225 63,240 497 0.8 22.0 USD 3Y Swap 4.09 0.06 1.4 48bp Nordic Electricity 1D (EUR/MWh) 65.0 0.0 0 -21.0

Shanghai SE Comp 4,218 4 0.1 6.3 NOK 3Y Swap 4.93 0.09 1.8 84bp UK Electricity 1M (EUR/MWh) 114.8 1.4 1.2 55.5

Hang Seng Index 26,417 69 0.3 3.1 Dollar Index (DXY) 98.3 0.3 0.4 -0.0 CO2 Price (EUR/t) 75.6 -0.2 -0.2 -13.5

FTSE 100 10,265 -4 -0.0 3.4 EUR/USD 1.17 -0.00 -0.4 -0.1 Gold 3M (USD/ozt) 4,707 20.6 0.4 6.9

DAX 23,955 -395 -1.6 -2.2 USD/JPY 157.6 0.6 0.4 0.6 Aluminium Cash (USD/t) 3,640 -15.5 -0.4 22.6

OSEBX 1,985 7 0.4 17.6 USD/NOK 9.18 -0.00 -0.1 -8.9 Copper Cash (USD/t) 13,872 199 1.5 10.9

Stockholm (OMX) 3,047 -33 -1.1 5.7 EUR/NOK 10.78 -0.05 -0.4 -9.0 Baltic Dry Index 3,063 62 2.1 63.2

Euro STOXX 50 5,808 -87 -1.5 0.3 GBP/NOK 12.42 -0.11 -0.9 -8.5 Steel Spot China (USD/st) 1,082 4.0 0.4 15.7

MSCI World Index 3,676 -7 -0.2 7.1 SEK/NOK 0.99 -0.01 -0.9 -9.8 Iron Ore China (USD/t) 111.1 -0.3 -0.3 3.7

S&P Sectors Close % YTD% International Peers Close +/- % YTD% International Peers Close +/- % YTD%

Aerospace & Defence 2,406 -0.0 1.1 Technology & other Large-Cap Renewable Power Producers & Supply Chain

Airlines 323 -0.8 -5.1 Adobe 240.8 -5.3 -2.2 -31.2 Boralex 36.8 0.0 0.0 45.3