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Investment Daily: US stocks edged lower amid high bond yields and oil prices

9 October 2026

Key takeaways

  • US stocks fell; Treasuries rose.
  • European stocks and government bonds fell.
  • Asian stocks declined.

Markets

US stocks fell on Thursday amid renewed worries about AI monetisation and higher oil prices. The S&P 500 lost 0.5%.

US Treasuries rose and the yield curve flattened following a solid 30-year Treasury debt auction. 10-year yields fell 5bp to 5.23%.

European stocks fell on Thursday as renewed geopolitical risks drove oil prices higher. The Euro Stoxx 50 closed 0.9% lower. The German DAX fell 1.2%, while the French CAC lost 0.5%. In the UK, the FTSE 100 was down 0.2%.

European government bonds fell. 10-year German and French bond yields rose 2bp to 3.49% and 4.89%, respectively. In the UK, 10-year gilt yields rose 4bp to 5.48%.

Asian stock markets declined on Thursday, pressured by higher oil prices and elevated global bond yields. Japan’s Nikkei 225 lost 1.4% and Korea’s Kospi dropped 2.6%. Elsewhere, China’s Shanghai Composite fell 0.8% as trading resumed after holidays, while Hong Kong’s Hang Seng was down 1.4%. India’s Sensex also ended 1.4% lower.

Crude oil prices rallied on Thursday. WTI for November delivery settled 3.6% higher at USD91.5 a barrel.

Key Data Releases and Events

Releases yesterday

There was no major data release. 

Releases due today (9 October 2026)

In Brazil, headline inflation likely rose in September, as service sector inflation remains sticky amid continued tight labour market conditions.

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