Thursday Sep 17, 2026
Thursday Sep 17, 2026
Thursday, 17 September 2026 05:35 - - {{hitsCtrl.values.hits}}
Global markets traded on a mixed trend as the Fed is highly likely to hike rates for the first time in three years.
Markets are anticipating a 25-basis-point rate hike due to strong US employment, rising inflation expectations and Fed Chair Kevin Warsh’s statements on price stability.
The US 10-Year Treasury yield rose to its highest since July 2007 at 5.04% on Tuesday and stabilized at 5% on Wednesday after Treasury Secretary Scott Bessent said the US bond market showed the world’s best performance.
November-delivery Brent crude dropped 0.6% to $108.1 a barrel despite concerns over geopolitical risks as US inventories rose, while gold was trading down 0.6% at $4,321 per ounce.
The US dollar was down 0.1% at 99.6 due to fiscal concerns despite rate hike expectations.
The New York Stock Exchange traded down on Tuesday due to rising bond yields dampening risk appetite.
Meanwhile, European stock markets traded negatively on Tuesday due to rising oil prices and selling pressure in bond markets.
Germany’s ZEW Economic Sentiment Index rose from 34.2 in August to 34.7 in September, marking a modest increase but still coming in below the estimated level of 40. At the same time, Deutsche Bank shares dropped 2.4%.
The UK’s FTSE 100 fell 0.37%, France’s CAC 40 declined 0.34%, Italy’s FTSE MIB 30 dropped 0.14% and Germany’s DAX 40 closed Tuesday down 0.15%. European indexes started Wednesday on a mixed trend.
At the same time, Asian equity markets enjoyed boosted risk appetite amid slightly easing selling pressure in the bond market.
