Morning Update-07/01/2026

Research evidence excerpt

Morning Update-07/01/2026

Morning Update

1 JUL 2026

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

Dow Jones 52,319 136 0.3 8.9 US 10Y 4.44 0.08 1.8 27bp Brent 1M (USD/bbl) 73.3 0.3 0.5 40.9

S&P 500 7,499 59 0.8 9.6 Germany 10Y 2.86 -0.00 -0.2 0bp WTI 1M (USD/bbl) 69.8 0.3 0.5 34.4

NASDAQ 26,214 394 1.5 12.8 Norway 10Y 4.21 -0.00 -0.0 5bp Henry Hub 1M (USD/mmbtu) 3.28 0.1 3.0 -11.2

VIX 16.5 -1 -6.8 10.0 SOFR 3M #N/A #N/A #N/A #N/A Dutch TTF Nat Gas 1M (EUR/MWh) 43.8 0.1 0.2 55.4

Nikkei 225 70,645 603 0.9 40.3 USD 3Y Swap 4.25 0.09 2.1 64bp Nordic Electricity 1D (EUR/MWh) 65.0 0.0 0 -21.0

Shanghai SE Comp 4,139 44 1.1 4.3 NOK 3Y Swap 4.72 0.03 0.6 63bp UK Electricity 1M (EUR/MWh) 104.5 1.8 1.8 41.5

Hang Seng Index 22,881 0 0.0 -10.7 Dollar Index (DXY) 101.2 0.1 0.1 2.9 CO2 Price (EUR/t) 80.0 -0.2 -0.2 -8.5

FTSE 100 10,497 13 0.1 5.7 EUR/USD 1.14 0.00 0.1 -2.7 Gold 3M (USD/ozt) 3,991 -47.8 -1.2 -10.0

DAX 24,996 369 1.5 2.1 USD/JPY 162.5 0.6 0.4 3.7 Aluminium Cash (USD/t) 3,106 -55.0 -1.7 4.6

OSEBX 1,907 0 0.0 13.0 USD/NOK 9.90 -0.03 -0.3 -1.9 Copper Cash (USD/t) 13,341 39 0.3 6.7

Stockholm (OMX) 3,203 36 1.2 11.1 EUR/NOK 11.31 -0.02 -0.2 -4.5 Baltic Dry Index 2,501 11 0.4 33.2

Euro STOXX 50 6,328 96 1.5 9.3 GBP/NOK 13.13 -0.01 -0.1 -3.2 Steel Spot China (USD/st) 1,155 3.0 0.3 23.5

MSCI World Index 3,763 27 0.7 9.6 SEK/NOK 1.02 0.00 0.2 -6.6 Iron Ore China (USD/t) 100.2 -0.1 -0.1 -6.5

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

Aerospace & Defence 2,566 1.0 7.9 Technology & other Large-Cap Renewable Power Producers & Supply Chain

Airlines 437 0.4 28.2 Adobe 205.0 -1.4 -0.7 -41.4 Boralex 37.0 0.0 0.1 46.1

Banks 639 -1.0 4.0 Alphabet 357 3.7 1.1 14.2 First Solar 236.0 3.2 1.4 -9.7