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Investment Daily: US stocks rose on some upbeat earnings

22 October 2026

Key takeaways

  • US stocks rose; Treasury yield curve flattened.
  • European stocks and bond yields rose.
  • Asian stocks traded mixed.

Markets

US stocks advanced on Wednesday amid positive earnings results. The S&P 500 rose 0.6%.

The US Treasury yield curve flattened slightly. 10-year yields edged up 1bp to 5.12%.

European stocks rose on Wednesday as investors assessed corporate earnings. The Euro Stoxx 50 rallied 1.4%. The German DAX rose 1.3% and the French CAC gained 1.1%. In the UK, the FTSE 100 edged 0.2% higher.

Eurozone government bonds fell. 10-year German bund yields rose 2bp to 3.42%, and 10-year French bond yields climbed 8bp to 5.01%. In the UK, 10-year gilt yields fell 3bp to 5.38%.

Asian stock markets lacked clear direction on Wednesday, as upbeat earnings results from some major US technology firms helped revive market sentiment for the AI trade in select regional markets. Korea’s Kospi rallied 3.3% and Japan’s Nikkei 225 gained 0.9%. Elsewhere, Hong Kong’s Hang Seng fell 0.9%, while China’s Shanghai Composite lost 0.6%. India’s Sensex closed 0.2% lower.

Brent crude oil for December settlement closed little changed at USD108.8 a barrel.

Key Data Releases and Events

Releases yesterday

In the UK, headline CPI inflation rose to 3.5% yoy in September from 3.1% yoy in August on higher energy prices. Core inflation also picked up to 2.8% yoy from 2.6% yoy amid sticky services inflation.

Releases due today (22 October 2026)

No major releases.

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