Market Briefing: September 29, 2026
### Market Briefing: September 29, 2026
- **Global Overview:** Global equities slipped to a one-week low as bond yields climbed higher and crude oil rallied for a second straight session on Middle East supply worries, with the Iran-US standoff unresolved and the dollar holding near a two-month peak while gold lingered near a seven-week low.
- **Asia Pacific:** South Korean markets sold off sharply with the won weakening and yields at multi-year highs despite a sixteenth straight month of export growth, whereas Singapore's index sat near record territory on a steep August factory output jump led by electronics, and Japanese equities edged higher as BOJ data showed services price growth at a two-year high keeping normalization expectations alive.
- **Europe:** France's sovereign stress deepened as the central bank governor warned budget action is needed before year-end to avoid a financing squeeze, Germany's tape stayed subdued with a reported plan to block a Chinese acquisition of a logistics firm weighing on sentiment, and Spain's flash inflation surprised to the upside while UK 10-year yields hit a 19-year high amid rising inflation expectations.
- **North America:** US equities faced a defensive tone as oil climbed and Treasury yields rose ahead of key economic data, Canadian markets slipped to a nearly two-month low as gold pulled back though a possible US-Canada trade deal within weeks offered a cooperative note, and Mexico's peso stayed under pressure as the rate gap with the US widened.
- **Asset Classes:** Crude oil rallied on Saudi export recovery through the repaired Hormuz-bypassing pipeline colliding with Iranian supply fears, sovereign bond yields rose broadly from the UK to South Korea signaling a repricing of the rate path, gold languished near multi-week lows as safe-haven flows favored the dollar, and emerging market currencies from the rupee to the rupiah to the peso came under renewed pressure against the firm dollar.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works