Global Markets News Briefing — Monday, 28 September 2026
- Nasdaq. US futures opened the week lower after Friday’s gains. Nasdaq-100 futures fell 0.7%, S&P 500 futures 0.4% and Dow futures 180 points, with rising oil prices weighing on early trade. Treasury yields spiked last week, the 10-year briefly reaching 5.23%, its highest since June 2007, the 30-year touching 5.53% and the 2-year topping 4.90%. Manufacturing data is due Thursday and the September jobs report on Friday, with the unemployment rate expected to hold at 4.1% and Micron reporting earnings.
- DAX. The index closed Friday 142 points, or 0.56%, higher at 25,409, led by Adidas (+2.99%), Commerzbank (+2.73%) and Deutsche Bank (+2.68%), while BASF (-3.59%), BMW (-1.31%) and Rheinmetall (-1.07%) lagged. Ahead of Monday’s Xetra open, IG quoted the DAX 0.2% higher at 25,470, with the Iran war and its effect on oil prices and bond yields remaining the dominant theme. DAX futures traded 64 points higher at 25,637 in early dealing.
- Nikkei. The future index rose 1.3%, or 827 points, on Friday to close at 66440,, with Kioxia (+2.2%), Advantest (+2.8%), Ibiden (+4.2%), Mitsubishi UFJ (+4%) and Mizuho (+4.2%) among the leaders. On Monday morning it traded at 66,404, up 0.06%. The Nikkei Volatility Index rose 38.2% to 28.05.
- Gold. Spot gold was quoted at $4,284 an ounce late Friday, after a week pressured by a stronger dollar and surging Treasury yields amid expectations of further Fed tightening. In early Asian trading on 28 September the price fell toward $4181 an ounce.
- Brent. Brent futures December rose 1.38% to $99,57 on Monday after President Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz. Tehran maintained its seven-day proposal and said it will not soften its conditions; Trump told Axios that Iran had overplayed its hand and that he expects talks to resume this week. WTI moved toward $94.

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- The Fed and rising Treasury yields remain the key market drivers. Strong U.S. economic conditions and higher energy prices are keeping inflation concerns elevated, while markets are pricing around a 65–68% probability of an October Fed rate hike. The 30-year Treasury yield climbed to around 5.52%, close to its highest level since 2004.
- U.S. equities started the week cautiously. S&P 500 futures are down around 0.3%, while Nasdaq futures are lower by roughly 0.5% as higher Treasury yields weigh on technology and growth stocks. Strong economic activity and continued AI investment are providing some support to equities.
- Gold is under pressure from higher oil prices and Treasury yields. Spot gold was down 2.1% at around $4,198, while silver fell 3.4% to $62.08, platinum declined 2.7% to $1,730 and palladium dropped 2.8% to $1,231.
- The U.S. dollar is holding near a two-month high, with the dollar index around 101.15. Markets are now turning toward a heavy U.S. data calendar, particularly the PCE inflation report and Friday’s nonfarm payrolls, which could have a major impact on Fed expectations.




