IGA CAPITAL: WEEKLY ECONOMIC REPORT
- Joshua Hawley
- Jan 7
- 2 min read
Date: Wednesday, January 7, 2026
I. Monetary Conditions and Interbank Rates
As of early January 2026, major central bank benchmarks and interbank rates reflect the following levels:
Federal Funds Rate: The effective Federal Funds Rate remains at 3.64%.
SOFR (United States): The 30-Day Average Secured Overnight Financing Rate (SOFR) is 3.747%, while the 90-Day Average stands at 3.984%.
EIBOR (UAE): The 3-Month Emirates Interbank Offered Rate (EIBOR) is fixed at 3.629%.
€STR (Eurozone): The Euro Short-Term Rate (€STR) is reported at 1.933%.
Treasury Yields: The US 10-Year Treasury yield is currently 4.17%, with the 2-year yield at 3.46%.
II. Global Equity Indices
Equity markets globally have begun the year with the following performance metrics:
Index | Level (Latest Close/Trade) | Period Change (%) |
S&P 500 (US) | 6,944.82 | +0.62% |
Dow Jones (US) | 49,462.08 | +0.99% |
NASDAQ 100 (US) | 25,639.71 | +0.94% |
FTSE 100 (UK) | 10,122.73 | +1.18% |
DAX 40 (Germany) | 24,892.20 | +0.09% |
Nikkei 225 (Japan) | 52,206.32 | -0.59% |
Hang Seng (HK) | 26,710.45 | +1.38% |
III. Commodity Complex
Primary commodity prices as of January 7, 2026, are as follows:
Gold: Trading at $4,490.44/oz, representing a marginal increase of approximately 1%.
Silver: Trading at $82.45/oz, following a significant recent price appreciation.
WTI Crude Oil: Priced at $56.51/bbl.
Brent Crude Oil: Priced at $60.12/bbl.
Natural Gas: Trading at $3.42/MMBtu.
IV. Digital Assets
The digital asset market has observed the following valuation levels:
Bitcoin (BTC): The current price is approximately $93,000, maintaining levels established following a recent five-day gain cycle.
Ethereum (ETH): Currently trading at $3,162.
Market Capitalization: Total cryptocurrency market capitalization is estimated at $3.04 trillion.
V. Economic Indicators (Latest Reporting)
US CPI (YoY): 2.70% (December 2025 reporting).
US Unemployment Rate: 4.60% (December 2025 reporting).
US GDP (YoY): 2.30% (December 2025 reporting).
Summary Footnotes
US Federal Reserve Selected Interest Rates (H.15)
SOFR Averages and Index (St. Louis Fed/FRED)
Emirates Interbank Offered Rate (CBUAE)
Euro Short-Term Rate (European Central Bank)
Global Equity Market Data (FT.com/Markets Insider)
Commodity Spot Pricing (Trading Economics/IG International)
Digital Asset Valuations (CoinMarketCap/Deribit)
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