Morning Update-07/15/2026

Research evidence excerpt

Morning Update-07/15/2026

Morning Update

15 JUL 2026

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

Dow Jones 52,508 10 0.0 9.2 US 10Y 4.58 -0.03 -0.7 41.4 Brent 1M (USD/bbl) 85.4 0.7 0.8 64.2

S&P 500 7,544 28 0.4 10.2 Germany 10Y 3.14 0.02 0.5 28.2 WTI 1M (USD/bbl) 79.8 0.4 0.5 53.5

NASDAQ 26,107 234 0.9 12.3 Norway 10Y 4.38 0.05 1.2 22.7 Henry Hub 1M (USD/mmbtu) 2.90 0.0 0.2 -21.2

VIX 16.5 -1 -3.8 10.4 SOFR 3M 376.2 1.4 0.4 10.0 Dutch TTF Nat Gas 1M (EUR/MWh) 54.7 1.5 2.9 94.2

Nikkei 225 68,503 760 1.1 32.2 USD 3Y Swap 4.30 -0.07 -1.6 69.2 Nordic Electricity 1D (EUR/MWh) 65.0 0.0 0 -21.0

Shanghai SE Comp 3,964 -3 -0.1 -0.1 NOK 3Y Swap 4.84 0.07 1.4 74.8 UK Electricity 1M (EUR/MWh) 128.2 4.0 3.2 73.6

Hang Seng Index 24,696 355 1.5 -3.6 Dollar Index (DXY) 100.9 -0.3 -0.3 2.6 CO2 Price (EUR/t) 81.5 0.1 0.1 -6.8

FTSE 100 10,529 31 0.3 6.0 EUR/USD 1.14 0.00 0.3 -2.6 Gold 3M (USD/ozt) 4,038 -31.9 -0.8 -9.0

DAX 25,147 33 0.1 2.7 USD/JPY 162.0 -0.4 -0.2 3.3 Aluminium Cash (USD/t) 3,171 32.5 1.0 6.8

OSEBX 1,964 14 0.7 16.4 USD/NOK 9.67 -0.11 -1.1 -4.2 Copper Cash (USD/t) 13,541 81 0.6 8.3

Stockholm (OMX) 3,163 -4 -0.1 9.7 EUR/NOK 11.06 -0.09 -0.8 -6.6 Baltic Dry Index 2,980 20 0.7 58.8

Euro STOXX 50 6,280 9 0.1 8.4 GBP/NOK 12.96 -0.12 -0.9 -4.5 Steel Spot China (USD/st) 1,158 2.0 0.2 23.9

MSCI World Index 3,784 13 0.3 10.2 SEK/NOK 1.00 -0.01 -0.6 -8.2 Iron Ore China (USD/t) 98.9 0.6 0.6 -7.7

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

Aerospace & Defence 2,536 -0.5 6.6 Technology & other Large-Cap Renewable Power Producers & Supply Chain

Airlines 395 -0.7 16.1 Adobe 220.8 -9.8 -4.3 -36.9 Boralex 37.0 -0.0 -0.1 46.2