Morning Update-05/26/2026

Research evidence excerpt

Morning Update-05/26/2026

Morning Update

26 MAY 2026

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

Dow Jones 50 580 294 0.6 5.2 US 10Y 4.56 0.00 0.0 39bp Brent 1M (USD/bbl) 95.3 1.8 2.0 82.3

S&P 500 7 473 28 0.4 9.2 Germany 10Y 3.03 -0.06 -1.9 18bp WTI 1M (USD/bbl) 91.8 -4.8 -5.0 74.9

NASDAQ 26 344 51 0.2 13.3 Norway 10Y 4.46 -0.05 -1.0 31bp Henry Hub 1M (USD/mmbtu) 2.91 -0.1 -3.7 -21.1

VIX 16.7 0 -0.4 11.7 SOFR 3M 3.6 0.0 -0.1 -1bp Dutch TTF Nat Gas 1M (EUR/MWh) 46.4 -2.3 -4.6 64.9

Nikkei 225 65 058 -106 -0.2 25.5 USD 3Y Swap 4.23 0.02 0.6 62bp Nordic Electricity 1D (EUR/MWh) 65.0 0.0 0 -21.0

Shanghai SE Comp 4 118 -35 -0.8 3.8 NOK 3Y Swap 4.91 -0.04 -0.9 82bp UK Electricity 1M (EUR/MWh) 118.5 0.0 0.0 60.5

Hang Seng Index 25 743 137 0.5 0.4 Dollar Index (DXY) 99.2 -0.0 -0.0 0.9 CO2 Price (EUR/t) 76.9 -0.0 -0.0 -12.1

FTSE 100 10 466 23 0.2 5.4 EUR/USD 1.16 0.00 0.4 -0.9 Gold 3M (USD/ozt) 4 533 9.8 0.2 3.0

DAX 25 389 501 2.0 3.7 USD/JPY 158.9 -0.2 -0.1 1.4 Aluminium Cash (USD/t) 3 706 -14.0 -0.4 24.9

OSEBX 2 044 -14 -0.7 21.1 USD/NOK 9.24 -0.03 -0.3 -8.4 Copper Cash (USD/t) 13 545 118 0.9 8.3

Stockholm (OMX) 3 193 47 1.5 10.7 EUR/NOK 10.76 0.01 0.0 -9.2 Baltic Dry Index 2 991 27 0.9 59.4

Euro STOXX 50 6 137 117 1.9 6.0 GBP/NOK 12.48 0.02 0.2 -8.0 Steel Spot China (USD/st) 1 080 0.0 0.0 15.5

MSCI World Index 3 724 18 0.5 8.5 SEK/NOK 1.00 0.00 0.5 -9.0 Iron Ore China (USD/t) 109.7 -0.1 -0.1 2.4

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

Aerospace & Defence 2 380 0.5 0.0 Technology & other Large-Cap Renewable Power Producers & Supply Chain

Airlines 342 0.5 0.4 Adobe 244.8 0.7 0.3 -30.1 Boralex 36.9 -0.0 -0.1 45.6