Published: 2026-09-25
Market Briefing: September 25, 2026
### Market Briefing: September 25, 2026
- **Global Overview:** A global bond sell-off pushed Treasury yields higher and lifted the dollar toward weekly gains, while oil slipped as US-Iran truce hopes outweighed continued Houthi attacks on Saudi facilities.
- **Asia Pacific:** Chinese equities held a constructive tone after the Trump-Xi summit produced a trade arrangement critics called light on substance, and regulators reportedly instructed banks to soften treatment of a major developer's overdue loans, whereas Australian equities sat near a three-month low after unemployment rose to a five-year high.
- **Europe:** German sentiment improved on upgraded growth forecasts and a stronger Ifo survey even as consumer climate readings disappointed, while UK assets fell under pressure from fresh Bank of England signals that rate hikes may soon be appropriate and French markets drifted as the yield gap with Germany hit its widest since 2012.
- **North America:** US stocks pared earlier losses on reports of a phased deal to reopen the Strait of Hormuz, with Costco beating expectations yet edging slightly lower and quantum and AI-related names climbing on deal and upgrade news, whereas Mexican assets contended with a peso at its weakest since April after the central bank held rates but dropped language signaling a prolonged pause.
- **Asset Classes:** Energy equities and crude-linked instruments rose on Saudi infrastructure attacks even as oil settled lower on truce hopes, gold and rate-sensitive assets faced pressure from surging yields, and sovereign bonds globally remained the dominant stress point with Japan's 10-year yield near multi-decade highs.