Data snapshot
Verified Friday-to-Friday equity, rates, gold, silver and energy observations, organised by asset class.
Global equities
USD gross-return benchmarks from one global provider family, compared Friday to Friday.
Up 0.3% from 533.02 on 21 Aug
Source details
- Source name
- STOXX Global 1800 - USD Gross Return
- Observation convention
- USD gross-return index, end-of-day calculation.
- Current observation date
- 28 Aug 2026
- Previous observation date
- 21 Aug 2026
- Source retrieved
- 05 Sep 2026, 01:35 MYT
- Direct source link
- Open the STOXX Ltd. source
Up 0.4% from 735.88 on 21 Aug
Source details
- Source name
- STOXX North America 600 - USD Gross Return
- Observation convention
- USD gross-return index, end-of-day calculation.
- Current observation date
- 28 Aug 2026
- Previous observation date
- 21 Aug 2026
- Source retrieved
- 05 Sep 2026, 01:35 MYT
- Direct source link
- Open the STOXX Ltd. source
Down 0.3% from 519.05 on 21 Aug
Source details
- Source name
- STOXX Europe 600 - USD Gross Return
- Observation convention
- USD gross-return index, end-of-day calculation.
- Current observation date
- 28 Aug 2026
- Previous observation date
- 21 Aug 2026
- Source retrieved
- 05 Sep 2026, 01:35 MYT
- Direct source link
- Open the STOXX Ltd. source
Up 0.9% from 290.87 on 21 Aug
Source details
- Source name
- STOXX Asia/Pacific 600 - USD Gross Return
- Observation convention
- USD gross-return index, end-of-day calculation.
- Current observation date
- 28 Aug 2026
- Previous observation date
- 21 Aug 2026
- Source retrieved
- 05 Sep 2026, 01:35 MYT
- Direct source link
- Open the STOXX Ltd. source
Up 0.7% from 297.55 on 21 Aug
Source details
- Source name
- STOXX Emerging Markets 1500 - USD Gross Return
- Observation convention
- USD gross-return index, end-of-day calculation.
- Current observation date
- 28 Aug 2026
- Previous observation date
- 21 Aug 2026
- Source retrieved
- 05 Sep 2026, 01:35 MYT
- Direct source link
- Open the STOXX Ltd. source
Rates
U.S. Treasury par-yield observations frame the weekly curve move and financing backdrop.
Up 10 bp from 4.24% on 21 Aug
Source details
- Source name
- U.S. Treasury Daily Treasury Par Yield Curve Rates
- Observation convention
- U.S. Treasury par-yield observation, based on indicative market quotations near 3:30 p.m. ET.
- Current observation date
- 28 Aug 2026
- Previous observation date
- 21 Aug 2026
- Source retrieved
- 05 Sep 2026, 01:35 MYT
- Direct source link
- Open the U.S. Department of the Treasury source
Down 1 bp from 4.74% on 21 Aug
Source details
- Source name
- U.S. Treasury Daily Treasury Par Yield Curve Rates
- Observation convention
- U.S. Treasury par-yield observation, based on indicative market quotations near 3:30 p.m. ET.
- Current observation date
- 28 Aug 2026
- Previous observation date
- 21 Aug 2026
- Source retrieved
- 05 Sep 2026, 01:35 MYT
- Direct source link
- Open the U.S. Department of the Treasury source
Commodities
Gold, silver and Brent are equally prominent core anchors.
−3.2% weekly
Source details
- Source name
- COMEX Gold December 2026 futures
- Observation convention
- Same-contract daily closing prices in USD per troy ounce.
- Current observation date
- 28 Aug 2026
- Previous observation date
- 21 Aug 2026
- Source retrieved
- 05 Sep 2026, 01:35 MYT
- Direct source link
- Open the Gold December 2026 futures history
-3.6% weekly
Source details
- Source name
- COMEX Silver December 2026 futures - daily close
- Observation convention
- Friday-to-Friday USD price per troy ounce for the same futures contract.
- Current observation date
- 28 Aug 2026
- Previous observation date
- 21 Aug 2026
- Source retrieved
- 05 Sep 2026
- Direct source link
- Open the COMEX Silver history
Down 7.4% from $96.92 on 21 Aug
Source details
- Source name
- Europe Brent Spot Price FOB - EIA daily observation
- Observation convention
- EIA Europe Brent Spot Price FOB daily observation.
- Current observation date
- 28 Aug 2026
- Previous observation date
- 21 Aug 2026
- Source retrieved
- 05 Sep 2026, 01:35 MYT
- Direct source link
- Open the U.S. Energy Information Administration source
Phoenix FX Monitor
Consistent weekly currency moves with source-linked context for the three largest moves in the panel.
Thirteen approved G20 currency units are compared against the U.S. dollar on one consistent Friday-to-Friday basis. The three largest absolute moves in this panel carry source-linked driver context.
Open the ECB reference-rate dataset- 21 Aug
- 1.1699
- 28 Aug
- 1.1643
Down -0.5% vs USD
- 21 Aug
- 1.3656
- 28 Aug
- 1.3583
Down -0.5% vs USD
- 21 Aug
- 158.70
- 28 Aug
- 159.68
Down -0.6% vs USD
- 21 Aug
- 0.7168
- 28 Aug
- 0.7195
Up +0.4% vs USD
- 21 Aug
- 1.3740
- 28 Aug
- 1.3854
Down -0.8% vs USD
- 21 Aug
- 6.7206
- 28 Aug
- 6.7209
Watch 0.0% vs USD
- 21 Aug
- 95.70
- 28 Aug
- 95.39
Up +0.3% vs USD
- 21 Aug
- 5.1729
- 28 Aug
- 5.1641
Up +0.2% vs USD
- 21 Aug
- 16.8980
- 28 Aug
- 16.9481
Down -0.3% vs USD
- 21 Aug
- 1384.23
- 28 Aug
- 1374.55
Up +0.7% vs USD
- 21 Aug
- 17659.10
- 28 Aug
- 17717.15
Down -0.3% vs USD
- 21 Aug
- 48.0655
- 28 Aug
- 48.2451
Down -0.4% vs USD
- 21 Aug
- 16.0044
- 28 Aug
- 16.0018
Watch 0.0% vs USD
Canada reported 0.8% quarter-on-quarter real GDP growth on 28 August while the U.S. 2-year yield rose 10 bp over the week. These are relevant growth and rate-differential facts, not a single-cause attribution for the currency move.
The Bank of Korea raised its Base Rate by 25 bp to 3.00% on 27 August and cited improved FX supply-demand conditions and a weaker U.S. dollar in its discussion of the won.
Japan's July national CPI and August Tokyo CPI releases kept inflation and Bank of Japan expectations in focus around the comparison period; the yen nevertheless weakened over the Friday-to-Friday window.
Pair convention and cut-off
EUR, GBP and AUD are shown as U.S. dollars per currency unit; JPY, CNY, CAD, INR, BRL, MXN, KRW, IDR, TRY and ZAR are shown as local currency units per U.S. dollar. Weekly change always describes the named non-USD currency's performance against USD, so a lower USD/local quote is positive for that currency.
ECB reference-rate observations dated 21 and 28 August 2026
Phoenix FX Monitor
A focused supplement to the G20 panel. USD/SGD and USD/HKD are included; USD/MYR and SGD/MYR are excluded.
- 21 Aug
- 1.2683
- 28 Aug
- 1.2713
Down -0.2% vs USD
- 21 Aug
- 7.8405
- 28 Aug
- 7.8396
Flat 0.0% vs USD
Regional FX method
Cross-rates are calculated from ECB euro reference rates for SGD, HKD and USD on 21 and 28 August 2026. Direction describes SGD or HKD versus USD.
Phoenix Macro Watch
Only releases published by the selected Friday cut-off are included.
The July core PCE price index rose 0.2% month on month and 3.3% year on year, a globally relevant input to policy and real-rate expectations.
U.S. Bureau of Economic Analysis sourceThe Bank of Korea raised the Base Rate by 25 bp, citing stronger growth, persistent inflation pressure and financial-stability risks.
Bank of Korea sourceCanada reported second-quarter real GDP growth of 0.8%, adding a dated growth signal to the Canadian-dollar context.
Statistics Canada sourceThe account records the ECB's inflation-risk assessment, policy discussion and data-dependent market context.
European Central Bank sourceInterpretation of the Week's Data
Phoenix commentary is visually separated from sourced market and macro facts.
What matters
Asia-Pacific and emerging-market equities outpaced Europe, while the U.S. 2-year yield rose and the 10-year yield edged lower.
Editorial synthesis
The week was cross-asset and regionally divergent: moderate global equity gains coexisted with a flatter U.S. curve, softer gold and a sharp Brent decline.
Indicators to monitor
U.S. inflation and labour releases, regional equity leadership, G20 policy divergence and whether lower oil prices persist are the next watchpoints.
Commentary only - not investment, legal, tax or financial advice. Full disclosure below.
Developments Behind The Readings
Source-backed developments and their practical relevance.
Development 1
Asia led a modest global equity advance
The STOXX Global 1800 USD gross-return index rose 0.3% from 21 to 28 August; Asia-Pacific gained 0.9% and emerging markets gained 0.7%, while Europe fell 0.3%.
The 1.2 percentage-point gap between Asia-Pacific and Europe was the clearest regional divergence in the proposed benchmark set.
Use the global benchmark for direction and the regional benchmarks to identify where that direction was not shared.
Development 2
The U.S. curve flattened as the front end repriced
U.S. Treasury observations show the 2-year yield rising 10 bp to 4.34% while the 10-year yield slipped 1 bp to 4.73% from 21 to 28 August.
The front-end rise followed a week in which U.S. core PCE inflation was reported at 3.3% year on year.
Keep near-term policy expectations separate from the longer-term financing signal when interpreting the curve.
Development 3
G20 currencies reflected policy and growth divergence
Within the ECB-derived G20 panel, the Canadian dollar fell 0.8%, the Korean won rose 0.7% and the Japanese yen fell 0.6% against the U.S. dollar over the week.
The Bank of Korea raised its Base Rate by 25 bp, while Canada released 0.8% quarter-on-quarter real GDP growth on 28 August; driver notes are contextual rather than single-cause claims.
Compare currency moves on one base convention and tie any explanation to dated policy or growth evidence.
Development 4
Gold, silver and oil sent distinct commodity signals
COMEX December gold fell 3.2% from $4,624.10 to $4,478.10 per ounce, COMEX December silver fell 3.6% from $69.466 to $66.995 per ounce, and EIA Brent fell 7.4% from $96.92 to $89.75 per barrel.
Gold and silver provide distinct precious-metals signals; Brent remains one inflation and input-cost signal rather than the edition's dominant theme.
Read commodity moves alongside rates and currencies instead of treating one market as the entire weekly narrative.
Phoenix Scenario Lens
Possible operating contexts, not predictions or recommendations.
Base context
The sourced readings describe moderate global equity gains with meaningful regional divergence and a flatter U.S. curve; they do not establish a single market direction for the next period.
Upside context
Broader participation could improve if Europe catches up with Asia-Pacific and front-end rate pressure eases.
Risk context
Persistent short-end yield pressure or renewed divergence across currencies and regions could tighten financing and planning assumptions.
Phoenix Client Lens
Interpretive planning prompts derived from the sourced weekly observations.
Review financing, currency and input-cost sensitivities against the verified cross-asset pack rather than one headline market.
Separate regional equity performance from private financing assumptions and test plans against both ends of the U.S. curve.
Distinguish company fundamentals from regional benchmark direction, currency translation and the rate backdrop.
Monitor G20 policy divergence and Asian equity leadership with each conclusion tied to dated source evidence.
From Phoenix, Fintrade and External Reading
Reading retained from the archived edition. Original publication dates and publisher attribution are preserved.
From Phoenix
Banking's Next Competitive Advantage Is Resilience
Phoenix commentary on operational resilience as a strategic banking capability.
Why read it: Adds the Phoenix/PIBL commentary layer distinct from official market data.
Phoenix-authored commentary.
Read Banking's Next Competitive Advantage Is ResilienceThe New Risk Map for Banks, Borrowers and Investors
Phoenix commentary on how risk conditions are shifting for lenders, borrowers and investors.
Why read it: Connects the weekly data pack to Phoenix's broader risk framing.
Phoenix-authored commentary.
Read The New Risk Map for Banks, Borrowers and InvestorsBeyond the Single Bank Loan: Why Corporate Asia Is Turning to Syndicated Financing
Phoenix commentary on the move from bilateral borrowing towards syndicated capital.
Why read it: Links Asia's funding choices to liquidity, risk-sharing and cross-border execution.
Phoenix-sponsored commentary.
Read Beyond the Single Bank Loan: Why Corporate Asia Is Turning to Syndicated FinancingFrom Fintrade
Labuan at the Heart of Asia's Emerging Wealth Economy
Fintrade commentary on Labuan's role in Asia's evolving private-wealth landscape.
Why read it: Adds a regional capital-flow and financial-centre perspective.
Fintrade-sponsored commentary.
Read Labuan at the Heart of Asia's Emerging Wealth EconomyThe New Logic of Global Capital
Fintrade commentary on how capital allocation is changing across markets and jurisdictions.
Why read it: Frames the weekly cross-asset readings within longer-term capital shifts.
Fintrade-sponsored commentary.
Read The New Logic of Global CapitalReal-Time Payments Are Rewriting Cross-Border Commerce
Fintrade commentary on faster settlement and the changing infrastructure of international trade.
Why read it: Connects currency markets with payment rails, liquidity and treasury operations.
Fintrade-sponsored commentary.
Read Real-Time Payments Are Rewriting Cross-Border CommerceExternal Reading
STOXX Global 1800 - USD Gross Return
Defines the proposed developed-market benchmark and its regional construction.
Why read it: Provides the global equity baseline used before comparing North America, Europe and Asia-Pacific.
Public index page for the benchmark series.
Read STOXX Global 1800 - USD Gross ReturnAccount of the 22-23 July 2026 monetary policy meeting
Records the ECB's policy discussion, inflation-risk assessment and market context.
Why read it: Adds dated policy context to the G20 FX and rates modules without treating market moves as single-cause events.
Public official source.
Read Account of the 22-23 July 2026 monetary policy meetingGold and major asset returns
Places gold's weekly return alongside other major asset classes.
Why read it: Restores a defensive and real-rate-sensitive signal to the edition's commodity coverage.
Weekly-return reference used with source citation.
Read Gold and major asset returnsMethodology, Sources And Disclosure
Supporting detail remains available without repeating the cross-asset readings or the editorial article.
Sources & methodology
Data period: Friday, 21 August to Friday, 28 August 2026. Market readings use the two Friday observations from the same series; official macro releases are included only when published by the 28 August cut-off.
- External data, FINTRADE/PIBL material and Phoenix-authored commentary are labelled separately.
- The five equity benchmarks use one USD gross-return STOXX family and compare 21 August with 28 August.
- U.S. Treasury and EIA daily series use the 21 August and 28 August 2026 rows for weekly movement calculations.
- Gold and silver use same-contract COMEX December 2026 Friday closes.
- The G20 FX panel is derived from ECB euro reference rates using documented cross-rate conventions; every weekly change describes the named non-USD currency versus USD.
- The symbol-first market map, sector heatmap and company heatmap all compare the same 21-to-28 August Friday window.
- Source labels and source-retrieved timestamps appear on every core metric card.
- This is weekly delayed data and does not imply live or intraday market coverage.
STOXX Global 1800 - USD Gross Return
Source page for the global benchmark observation.
STOXX North America 600 - USD Gross Return
Source page for the North America benchmark observation.
STOXX Europe 600 - USD Gross Return
Source page for the Europe benchmark observation.
STOXX Asia/Pacific 600 - USD Gross Return
Source page for the Asia/Pacific benchmark observation.
STOXX Emerging Markets 1500 - USD Gross Return
Source page for the emerging-markets benchmark observation.
Daily Treasury Par Yield Curve Rates, August 2026
Public official source.
Gold December 2026 futures history
Daily closes used for the 21-to-28 August same-contract comparison.
Silver December 2026 futures history
Daily closes used for the 21-to-28 August same-contract comparison.
Europe Brent Spot Price FOB
Public official source.
Euro foreign exchange reference rates
Public official reference-rate source; rates are for information purposes, not transaction use.
Personal Income and Outlays, July 2026
Public official source.
Monetary Policy Decision, 27 August 2026
Public official source.
Gross domestic product, income and expenditure, second quarter 2026
Public official source.
Consumer Price Index results and release schedule
Public official source; cite the Statistics Bureau when reusing results.
Account of the 22-23 July 2026 monetary policy meeting
Public official source.
Banking's Next Competitive Advantage Is Resilience
Phoenix-authored commentary.
The New Risk Map for Banks, Borrowers and Investors
Phoenix-authored commentary.
Beyond the Single Bank Loan: Why Corporate Asia Is Turning to Syndicated Financing
Phoenix-sponsored commentary.
Labuan at the Heart of Asia's Emerging Wealth Economy
Fintrade-sponsored commentary.
The New Logic of Global Capital
Fintrade-sponsored commentary.
Real-Time Payments Are Rewriting Cross-Border Commerce
Fintrade-sponsored commentary.
Material corrections will appear on the website and in a later email where relevant.
Disclosure & publisher
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Outlook And Market-Moving Events
Inflation and central-bank risk concentrate on Thursday and Friday. Watch USD rates, EUR, GBP, global equities, gold and silver; this is a monitoring framework, not a forecast.
Primary watch: EUR, European equities and global duration.
ECB weekly schedulePrimary watch: Treasury yields, USD and inflation-sensitive assets.
BLS September schedulePrimary watch: USD, rates, equities, gold and silver.
BLS CPI schedulePrimary watch: GBP, gilts and European risk sentiment.
ONS release calendar