Market Briefing: September 30, 2026
### Market Briefing: September 30, 2026
- **Global Overview:** Bonds closed out a bruising September with the 30-year Treasury yield touching elevated levels before pressure eased, while the dollar posted its strongest stretch since June largely at the euro's expense and stocks held up comparatively well through the month's churn.
- **Asia Pacific:** China's September PMIs showed manufacturing back in expansion and services strengthening, lifting Chinese equities and related ETFs, whereas Japan's short-end yields pushed toward a three-decade high on tightening bets and South Korea's August data revealed a simultaneous decline in output, retail sales, and facility investment.
- **Europe:** UK Q2 GDP was revised up firmly, supporting UK equities and energy names, while Germany's ETF slipped on a hotter-than-expected import price reading driven by energy costs and France's public debt climbed to a postwar high, keeping the fiscal overhang heavy across the continent.
- **North America:** US markets closed a choppy month with the Fed signaling patience on rates and defense names gaining on major Pentagon awards, while Canada's loonie hovered near two-month lows on softer oil and new US tariffs, and Mexico's peso slid to its weakest since March despite a large infrastructure pipeline announcement.
- **Asset Classes:** Oil climbed after Washington denied any willingness to ease Iran sanctions even as Gulf supply flows normalized, gold miners gained as investors sought shelter from Australia's surprise inflation jump back to 4 percent, and Treasury yields stabilized late in the session after a punishing quarter for fixed income.
Sources
Ezbrisk weighs each event against the market reaction and publishes a verdict with an overreaction reading. How the methodology works