Public Markets 8-Hour Briefing
×Last updated: October 1, 2026, 6:19 AM ET
Energy & Commodities
Oil futures slipped 1.3% in early Asian trade as OPEC+ signaled output increases, though crude oil edged lower on signs of rising Middle East exports. Gold held steady near $2,340/oz despite a weakening dollar, extending its safe-haven appeal amid persistent inflation concerns.
Fixed Income
Treasury 10-year yield climbed to the highest since 2002 as inflation pressures persisted, while global bond funds rewarded early movers on inflation, with Japanese and Australian sovereign debt costs mounting despite oil price dipping. UK long-term bond yield reached 6% for the first time since 1998, reflecting acute inflation fears, and FTSE 100 live blog noted 30-year yields hit 6% amid a global bond selloff. European swap-rates trade flopped as yields surged, marking a fresh setback for one of the region’s most popular interest-rate wagers in recent years.
Equities
European indexes opened lower as banks and software stocks slid, with the Stoxx 600 tracking regional weakness, while AI stocks gained on chip momentum. India stock futures trading slumped to a 34-month low after an auction disrupted arbitrage, and India Inc. faces higher borrowing costs as short-term yields surge. Tata patriarch revolt faces revolt at charities he helms, spilling into the conglomerate’s corporate governance structure. French stocks face a budget fight amid market weakness, while FTSE 100 live blog tracked UK 30-year yields at 6% reigniting the global bond selloff.
Deals & M&A
Ares and Apollo lead a $6.5 billion debt deal for Phoenix Tower International, while Solowow IPO targets a 2028 IPO for his Polish nuclear power firm. Airtel Money IPO may rank as London’s biggest in five years, aiming to raise £529 million ($702 million). Lynas Rare Earths acquired Meteoric Resources in a $672 million deal, securing a foothold in Brazil’s growing rare-earths industry. Garuda share sale turns to a share sale as fuel costs eat into a $1.4 billion rescue package.
Markets & Regulation
Hedge funds boost bets on euro weakness amid increasing French risks, loading up on options that will profit if the currency weakens further. EU steel exports fell by a fifth amid high energy costs, tariffs, and China oversupply, with production at historic lows. Binance scrutiny questions Binance over continued operations despite a wind-down order, examining the use of a legal exemption by the world’s biggest cryptocurrency exchange. UBS Swiss case should make the positive case for staying Swiss, as too much doom-mongering may be bad for the bank’s business. PwC Nidec accounts refuses to sign off despite a $4 billion charge, with Japanese auto parts maker shares plunging again on Thursday.