Public Markets 24 Hours

Last updated: September 28, 2026, 6:04 AM ET

Energy & Commodities

Oil prices extended their rally on heightened geopolitical tensions, with Brent trading above $107 a barrel as President Trump rejected Iran’s truce offer, fueling concerns over prolonged LNG disruptions and driving European gas prices higher. Oil prices gained amid fears of a Hormuz standoff, while European gas rose on the back of Qatar’s extended force majeure. The Treasury yield climb to 5.2% added further pressure on government bonds, as the bond selloff resumed following Trump’s snub of Iran’s overture. Gold came under pressure from higher for longer Fed expectations, slipping as strong U.S. industrial activity reinforced the case for sustained policy rates. Gold futures dropped on the back of firm dollar demand, even as some analysts noted the metal’s safe-haven appeal may re-emerge if Middle East risks escalate further.

Fixed Income

The U.S. Treasury market resumed its selloff as oil prices surged past the $107 threshold, with the 10-year yield climbing to 5.2% amid the diplomatic stalemate between Washington and Tehran. JGBs came under pressure as Japan’s two-year government bond yield neared the 2% threshold, reflecting BOJ rate-hike bets that have intensified after recent policy shifts. Pacific Investment Management Co. sees value in Australian bonds, arguing that rate hikes are overpriced given the relative resilience of the local economy. Emerging-market bonds saw investors shun the riskiest issues as U.S. yields soared, with one in six western European companies now under financial strain as leverage mounts.

European Equities

European stocks gained momentum as UK homebuilders surged on the new Help to Buy scheme, with FTSE 100 heavyweights leading the advance. European shares rose on Monday as investors looked past rising bond yields, pricing in a potential September rate cut from the Bank of England. Nifty neared oversold territory after its longest weekly losing streak in over six years, though technical indicators point to a potential rebound. UK housebuilders extended their rally after Andy Burnham unveiled the new scheme aimed at first-time buyers, providing a much-needed boost to the sector. Allied Blenders extended their rally amid possible sale speculation, rising as much as 2.9% in Mumbai on heightened merger interest.

Asia-Pacific Markets

Chinese equities extended losses after data showed a sharp slowdown in August industrial profit growth, with CSI 300 dropping to multi-month lows. NSE shares slipped below their IPO price in a lackluster India debut, reflecting weak investor sentiment in the secondary market. Singapore dollar weakened against its U.S. counterpart as risk appetite faded, while Australian private credit firm Metrics Credit Partners cut the value of three funds amid heightened ASIC scrutiny. Japanese two-year yield approached the key 2% level, a psychological threshold that could trigger further BOJ tightening. South Korea demanded an apology from Ukraine over North Korea POW disclosure, adding diplomatic friction to the region’s already complex security dynamics.

Deals & M&A

Warburg Pincus boosted its bid to $1.5 billion for Australia’s Ingenia Communities, topping the earlier $1 billion offer and highlighting continued PE appetite for logistics assets. KKR-backed Advanta said to start road show for its $400 million India IPO in November, targeting institutional investors with a story of digital infrastructure growth. Nidec shares plunged as much as 18% in Tokyo following a $6.3 billion impairment charge, a stark reminder of the write-down pressure facing heavy-industrial players. Barrick Mining reached a deal with Mali unions, averting strikes and resuming operations at its gold assets. Warburg Pincus made an improved $1.5 billion offer for Australia’s Ingenia, with the board now assessing the revised proposal.