02/09/2026 – Daily Reports
- Global markets remain focused on U.S.-Iran tensions and developments around the Strait of Hormuz. Renewed military strikes pushed Brent crude above $95, while higher energy prices increased inflation concerns and strengthened expectations of a possible September Fed rate hike.
- U.S. Treasury yields continued to rise, with the 10-year yield reaching around 4.81%, putting further pressure on equities. The S&P 500 and Nasdaq fell 0.7% and 1%, respectively, in the previous session.
- Gold remains under pressure from a stronger dollar and rising Treasury yields, falling toward $4,300 per ounce. Although geopolitical tensions support safe-haven demand, rate-hike expectations are currently weighing on the metal.
- Today’s key U.S. releases include the ADP employment report, Michigan consumer sentiment and the Fed Beige Book. Markets will closely monitor the data ahead of Friday’s nonfarm payrolls report.
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Global Market News Briefing — 2 September 2026
- Wall Street closed the first session of September lower, with the Nasdaq Futures down 2% at 29000 and the S&P 500 off 0.71% at 7,631 with losses led by Alphabet (-2.21%) and Nvidia (-2.03%), as US–Iran strikes in the Persian Gulf prolonged the suspension of regional energy exports. Fed funds futures now price a 68% probability of a rate increase at this month’s meeting, up from 40% a week earlier. The ADP employment report is due today and August nonfarm payrolls on Friday.
- The German DAX futures fell 1.02% on Tuesday to 25840 points, its lowest since 24 August, as investors weighed the risk that a prolonged US–Iran conflict fuels energy-driven inflation and tighter policy. SAP led decliners (-2.45%), followed by Rheinmetall (-2.31%) and MTU Aero Engines (-1.62%), while Merck, Infineon and Symrise gained. Euro area inflation reached 3.3% year-on-year in August, a multi-year high, ahead of next week’s ECB meeting.
- Nikkei futures index fell 0.6% on Tuesday to below 64640, with Tokyo Electron (-4.6%), Fujikura (-3%) and Advantest (-2.9%) among the largest losers. Japan’s 10-year government bond yield rose six basis points to 3.001%, the first time above 3% since 1996, after US Treasury Secretary Scott Bessent met Finance Minister Katayama Satsuki and said he expects the BOJ to act in ways that strengthen the yen. The Bank of Japan decides policy on 18 September. Asian equities were set to open lower on Wednesday.
- Gold fell 1.86% on Tuesday to $4322 /oz, near two-week lows, pressured by hawkish comments from Fed Chair Kevin Warsh; the metal still gained about 10% in August. It remains roughly 21.8% below the January record of $5,589
- Brent futures rose above $95,44 on Tuesday after US forces struck two Iranian rocket launchers on Larak Island and Tehran attacked targets in the UAE and Jordan; President Trump extended military threats to Kharg Island, Iran’s main export terminal. Prices extended gains in early Asian trade Wednesday.
