Public Markets 8 Hours

Last updated: September 28, 2026, 6:15 AM ET

Energy & Commodities

European gas prices rised on prospects of prolonged LNG disruptions following President Trump’s rejection of Iran’s truce, fueling concerns over supply stability. In a separate development, European natural gas moved higher as traders weighed the latest extension of a force majeure by Qatar, adding further upward pressure on the region’s already tight gas balances. The surge in gas prices comes amid renewed Mideast tensions, with oil gains weighing on emerging-market equities and driving copper slides lower on weak Chinese industrial data.

Fixed Income & Rates

Treasury yields rose in Asian trade on Monday as yet another setback in U.S.-Iran diplomatic efforts pushed oil prices higher, with the 10-year yield hitting 5.2% amid the diplomatic stalemate. The yield rise adds pressure on government bonds, as the oil price surge puts more strain on sovereign debt markets. Japan’s two-year bond yield neared the key 2% threshold as BOJ rate hike bets mount, while Pimco sees value in Australian bonds as rate hikes are deemed overpriced. Germanys negative power price hours declined for their first annual decline in 2026, bucking the broader EU trend.

Equities & Markets

European stocks gained on Monday as investors looked past rising bond yields, with UK homebuilders surge on a new Help to Buy scheme announced by Prime Minister Andy Burnham. UK housebuilder shares surge on the new Help to Buy scheme, while Nifty nears an oversold zone after the longest weekly losing streak in over six years. Chinese equities extend losses after data showed a sharp slowdown in August industrial profit growth, with Chinese stocks dropping to a one-year low on a chip selloff. Emerging-market equities declined as oil gains on renewed Mideast tensions weighed on the sector. Financial stress spreads across Europe as BCG warns that one in six companies in western Europe is under financial strain as leverage mounts.

Deals & Corporate Action

Total Energies sets out a growth plan until 2035, targeting oil, gas, and electricity investments between $14 billion and $17 billion annually. KKR-backed Advanta said to start a road show for a $400 million India IPO in November. Warburg Pincus makes an improved $1.5 billion offer for Australia’s Ingenia Communities, topping the previous bid by more than 10%. Nidec shares slide on a report of a $6.3 billion impairment charge, falling as much as 18% in Tokyo. Australia’s biggest gold miner rejects a $27 billion takeover bid from Gold Fields, with Northern Star Resources calling the proposal highly opportunistic. NSE shares slip below IPO price after a lackluster India debut.

Special Situations & Other Markets

Spar plans board changes by November as the turnaround drags on, with the group announcing a new chair and additional independent directors. Singapore’s Temasek buys a 9% stake in Italian PE firm FSI. Metrics Credit Partners cuts the value of three funds amid ASIC scrutiny. Allied Blenders and Distillers extends its rally as much as 2.9% on Mumbai bourses on sale speculation. Grains fall as traders await China buying signs after US and China detailed plans to cut tariffs. The Bank of England’s balance sheet has already stopped shrinking despite gilt sales. Singapore dollar weakens as risk appetite fades. Rich individuals turn to borrowing against private equity holdings as deal payouts slow.