29/09/2026 – Daily Reports
Fed and Treasury Yields in Focus Across Global Markets
- The Fed and rising U.S. Treasury yields remain the key market drivers. The 10-year Treasury yield climbed to 5.27%, its highest level since 2007, while the 2-year yield approached 5%. Markets are now pricing more than a 70% chance of an October Fed rate hike, as higher energy prices and strong economic activity reinforce expectations for higher-for-longer rates.
- U.S. equities fell sharply on Monday. The S&P 500 declined 0.77%, the Nasdaq 0.92% and the Dow 0.67%, as rising Treasury yields and oil prices weighed on risk appetite. Nvidia, however, gained after announcing a new $150 billion share buyback programme.
- Gold is attempting a modest recovery after Monday’s sharp sell-off, trading around $4,130, close to a seven-week low. Higher Treasury yields and a stronger dollar continue to pressure bullion, while silver, platinum and palladium also remain under pressure following Monday’s declines.
- The U.S. dollar is holding near a two-month high around 101.2. Markets are focused on U.S. consumer confidence and JOLTS job openings today, followed later this week by PCE inflation and nonfarm payrolls, which could significantly influence expectations for the Fed’s October meeting.
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Market News Summary — 29 September 2026
- The Nasdaq Composite futures closed Monday 0.92% lower at 30556, with the Dow down 0.67% and the S&P 500 off 0.76%. The decline was driven by a jump in Treasury yields at the start of the week. The 30-year yield traded above 5.56%, around a 2004 high, and US futures were little changed early Tuesday. Attention turns to the August PCE price index on Wednesday, manufacturing data on Thursday and the September jobs report on Friday.
- Frankfurt’s benchmark DAX ended Monday essentially unchanged, down 0.01%, while the MDAX fell 0.22% and the TecDAX 0.02%. Merck KGaA was the strongest performer, rising 2.56% to 138.45. Porsche Automobil Holding dropped 2.02% to an all-time low of 25.25. Decliners outnumbered advancers 358 to 330, and the DAX volatility index eased 5.67% to 16.88.
- The Nikkei 225 futures closed Monday at 65623, down 486 points, as an early advance above 67,000 gave way to profit-taking; the broader TOPIX fell 16.59 points to 4,112.00. On Tuesday the index declined 1.11%, with the TOPIX down 1.67%. Losses were led by refiner and power-related shares. The ex-dividend adjustment also fell on 29 September. Finance Minister Satsuki Katayama reportedly told her US counterpart that Prime Minister Sanae Takaichi is not a reflationist and that an undervalued yen is problematic.
- Brent futures December delivery settled Monday at $98,57 a barrel, up 96 cents, after reaching $101,23 intraday, as Saudi Arabia was reported to have restored East–West pipeline flows to roughly 3.5 million barrels per day. President Trump rejected Tehran’s conditional offer to reopen the Strait of Hormuz within seven days. Oil rose again on Tuesday amid conflicting Iran headlines, with reports of Iranian flexibility denied by both an Iranian official and Trump.
- Gold fell 3.79% on Monday to $4115 an ounce, its weakest since 5 August, pressured by surging oil, a firm dollar and Treasury yields near 19-year highs; markets now price a more than 70% chance of a further Fed hike as soon as October. The Fed raised its target range by 25 basis points on 16 September to 3.75%–4.00%. Gold recovered about 0.5% in Asian trading on Tuesday.
