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Investment Daily: US stocks declined amid higher Treasury yields and oil prices

29 September 2026

Key takeaways

  • US stocks and Treasuries fell.
  • European stocks were little changed; government bonds fell.
  • Asian stocks mostly fell.

Markets

US stocks fell on Monday amid higher Treasury yields and oil prices. The S&P 500 lost 0.8%.

US Treasuries declined as oil prices ticked higher. 10-year yields rallied 8bp to 5.24%.

European stocks were little changed on Monday. In mainland Europe, the Euro Stoxx 50 closed flat. The German DAX edged down 0.1%, as did the UK FTSE 100. The French CAC 40 closed unchanged.

European government bonds fell (yields rose). 10-year German bund yields were up 4bp to 3.64%, and 10-year French bond yields rose 8bp to 4.77%. In the UK, 10-year gilt yields up 5bp to 5.42%.

Asian stock markets mostly fell with bonds on Thursday, as oil prices rose. Japan’s Nikkei 225 fell 0.7% and Korea’s Kospi lost 2.7% as markets reopened after holidays. Elsewhere, China’s Shanghai Composite fell 1.7%, as chip/tech stocks weakened on policy concerns, while Hong Kong’s Hang Seng rose 0.5%. India’s Sensex closed 1.5% lower.

Crude oil prices closed modestly higher on Monday. WTI for November delivery rose 0.2% to USD92.6 a barrel.

Key Data Releases and Events

Releases yesterday

No major releases.

Releases due today (29 September 2026)

In the US, job openings have been volatile recently, while stable quits are consistent with subdued wage growth. Hiring remains low. Elevated gasoline prices limit the scope for consumer confidence to improve. Labour market views should be monitored closely.

The Reserve Bank of Australia is expected to resume hiking as policy makers remain alert to inflation risks, including higher energy costs.

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