Morning Update-05/19/2026

Research evidence excerpt

Morning Update-05/19/2026

Morning Update

19 MAY 2026

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

Dow Jones 49,686 160 0.3 3.4 US 10Y 4.61 0.01 0.3 44bp Brent 1M (USD/bbl) 109.9 -2.2 -2.0 103.0

S&P 500 7,403 -5 -0.1 8.1 Germany 10Y 3.15 0.00 0.1 29bp WTI 1M (USD/bbl) 102.8 -1.6 -1.5 95.8

NASDAQ 26,091 -134 -0.5 12.3 Norway 10Y 4.54 -0.01 -0.2 39bp Henry Hub 1M (USD/mmbtu) 3.02 0.1 2.2 -18.0

VIX 17.8 -1 -3.3 19.2 SOFR 3M 3.6 0.0 -0.2 -0bp Dutch TTF Nat Gas 1M (EUR/MWh) 49.5 -0.7 -1.4 75.9

Nikkei 225 60,520 -300 -0.5 16.8 USD 3Y Swap 4.17 -0.02 -0.4 56bp Nordic Electricity 1D (EUR/MWh) 65.0 0.0 0 -21.0

Shanghai SE Comp 4,132 1 0.0 4.1 NOK 3Y Swap 4.97 -0.01 -0.2 88bp UK Electricity 1M (EUR/MWh) 123.3 -0.4 -0.3 67.1

Hang Seng Index 25,774 99 0.4 0.6 Dollar Index (DXY) 99.2 -0.1 -0.1 0.9 CO2 Price (EUR/t) 75.7 0.1 0.2 -13.4

FTSE 100 10,324 128 1.3 4.0 EUR/USD 1.16 0.00 0.1 -0.9 Gold 3M (USD/ozt) 4,544 -14.3 -0.3 3.2

DAX 24,308 357 1.5 -0.7 USD/JPY 158.8 0.3 0.2 1.3 Aluminium Cash (USD/t) 3,637 2.0 0.1 22.5

OSEBX 2,040 22 1.1 20.9 USD/NOK 9.27 -0.04 -0.4 -8.1 Copper Cash (USD/t) 13,428 -126 -0.9 7.4

Stockholm (OMX) 3,056 19 0.6 6.0 EUR/NOK 10.79 -0.04 -0.3 -8.9 Baltic Dry Index 3,092 -59 -1.9 64.7

Euro STOXX 50 5,849 21 0.4 1.0 GBP/NOK 12.41 -0.01 -0.1 -8.5 Steel Spot China (USD/st) 1,080 1.0 0.1 15.5

MSCI World Index 3,675 -2 -0.1 7.0 SEK/NOK 0.99 -0.00 -0.2 -10.0 Iron Ore China (USD/t) 110.5 -0.2 -0.2 3.2

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

Aerospace & Defence 2,343 1.6 -1.5 Technology & other Large-Cap Renewable Power Producers & Supply Chain

Airlines 317 -0.2 -7.0 Adobe 255.6 8.0 3.2 -27.0 Boralex 36.9 0.0 0.1 45.5