S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketBNY Head of Markets Macro Strategy Bob Savage notes Gold remains elevated above $5,000 as it continues to correlate positively with equities, supported by Dollar weakness. However, weekend headlines on continued Iran–U.S. talks and hopes for a March Ukraine deal have limited geopolitical risk premia in precious metals and energy. This relative calm is seen as helping keep volatility contained and supporting further equity buying.
Precious metals with equities correlation
“Gold and equities continue to correlate positively, with the yellow metal over $5k today.”
“USD weakness is adding to the mix.”
“The weekend’s news on a continuation of Iranian talks with U.S. and hopes of a March Ukraine deal kept the geopolitical support for precious metals and energy in check.”
“This relative calm will be significant in keeping volatility in line for more equity buying.”
“A focus on alternatives and on the role of cash on the sidelines pushing the momentum trade will remain key.”
