Market Information Wednesday 08 April 2026

Gold surged 2.3% to $4,812 per ounce, touching a near three-week high, after Trump agreed to a two-week pause in attacks on Iran following a 10-point proposal from Tehran via Pakistani mediators. Iran confirmed negotiations would begin on April 10 in Islamabad, though cautioned the talks do not signal an end to the war. Gold remains down more than 8% since the conflict began on February 28, with $4,930 seen as the next key price level to watch before a potential move towards $5,000.

Stock trading intensity has hit a record high, with the S&P 500 ETF’s daily turnover breaching the $60 billion “freak out” threshold 29 times this year, surpassing all of 2025’s 28 instances. Hedge funds are selling global stocks at the fastest pace in more than a decade while retail buying is flagging, as investors grow wary of being caught out by sudden shifts in the Iran conflict. The two-week ceasefire offers some relief, but analysts warn uncertainty remains high as both sides’ commitments are contingent on the other’s behaviour.

Google’s Alphabet is ramping up direct investments in AI startups, with CEO Sundar Pichai citing the AI boom as opening new opportunities to deploy capital beyond its traditional venture arms. The strategy has already proven lucrative, with its $900 million SpaceX investment in 2015 now worth around $100 billion ahead of a likely IPO at a $1.75 trillion valuation. Alphabet has also invested over $3 billion in Anthropic, which has since soared to a $380 billion valuation, giving Google a reported 14% stake in one of its key AI rivals.

The 6M Euribor is unchanged at 2.46% compared to previous business day. The 10Y Swap increased with 9 basis points to 3.14% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.