Global Markets Focus On The Release Of The September FOMC Minutes

By the end of Monday’s session, the Dow Jones (US30) rose by 0.49%. The S&P 500 (US500) gained 0.58%. The tech-heavy Nasdaq (US100) closed in positive territory, up 0.48%. The main driver of the rally was a pause in the rise of US Treasury yields, which eased investor concerns about the cost of debt financing and credit conditions for large corporations. This opened the door for active buying in mega‑cap technology stocks and the artificial‑intelligence infrastructure sector. OpenAI’s negotiations to raise $30 billion from UAE investors confirmed sovereign‑wealth funds’ willingness to finance next‑generation model development. As a result, the US market continues to show resilience to inflationary risks, supported by the structural AI boom, while European markets remain hostage to fiscal instability and weak economic growth. Today, global market attention is focused on the upcoming release of the September FOMC minutes.

On Tuesday, European equity indices showed a confident recovery. Germany’s DAX (DE40) rose by 0.77%, France’s CAC 40 (FR40) closed up 0.40%, Spain’s IBEX 35 (ES35) gained 0.75%, and the UK’s FTSE 100 (UK100) ended the session higher by 0.42%. The key catalyst for optimism was a pause in the multi‑day rally of Eurozone sovereign‑debt yields: the decline in borrowing costs (particularly noticeable in peripheral countries with heavy fiscal burdens) eased investor concerns about fragmentation risks in the debt market and the potential need for emergency ECB intervention.

Tuesday in the oil market was marked by high volatility: crude prices recovered from an intraday drop below $87 and rebounded to $89.5 per barrel. The trigger for the price reversal was another escalation in the Middle East. The interception of a Houthi ballistic missile by Saudi forces over Khamis Mushait and intensified Iranian attacks on tankers in the Strait of Hormuz reminded market participants of the persistent threat to shipping and the physical security of key regional logistics arteries. At the same time, the expansion of the geopolitical premium is partially restrained by measures to increase supply. Saudi Arabia announced full restoration of the strategic East–West pipeline’s capacity to 5.8 million barrels per day, while G7 coordination on releasing 100 million barrels of crude and diesel from emergency reserves, combined with the absence of export restrictions, reduces the risk of an immediate shortage.

The US natural‑gas prices (XNG/USD) continued their rally for the fourth consecutive session, rising to $3.13 per MMBtu. The increase is driven by a combination of supply tightening and structural demand growth. Average daily US production fell to 111.7 bcfd from the August–September record of 113.3 bcfd due to pipeline outages in Texas, Kentucky, and West Virginia. Against the backdrop of the recent rise in the ISM Services‑sector price Index, higher energy costs strengthen the hawkish camp ahead of the upcoming Fed meeting.

In Asia on Tuesday, Japan’s Nikkei 225 (JP225) rose by 1.05%, the Chinese FTSE China 50 was closed, Hong Kong’s Hang Seng (HK50) gained 1.00%, and Australia’s ASX 200 (AU200) ended the session higher by 0.57%.

The Australian dollar (AUD) is consolidating near the psychological threshold of $0.7000, holding the gains of a three‑day rebound. Local support for the currency came from a pause in the global US dollar rally, triggered by temporary stabilization in the European sovereign‑debt market and capital rotation out of the euro. Nevertheless, the fundamental potential of AUD/USD remains constrained by diverging monetary‑policy expectations between the Fed and the RBA, as well as deterioration in Australia’s domestic macroeconomic backdrop.

The Reserve Bank of India (RBI) has entered a phase of proactive tightening, raising the key repo rate by 25 basis points to 5.50%. This is the first rate hike since February 2023. Rising fuel prices have already pushed India’s inflation to 4.82% in August, keeping it above the 4% target for the third consecutive month and prompting the RBI to raise its expectation for headline inflation in the 2026/27 fiscal year to 5.2%, and core inflation to 4.4%. The simultaneous increase in the Standing Deposit Facility (SDF) rate to 5.25% and the Marginal Standing Facility (MSF) rate to 5.75% completes the formation of a tighter interest‑rate corridor.

• S&P 500 (US500) 7,818.93 +44.98 (+0.58%)

• Dow Jones (US30) 51,521.28 +253.38 (+0.49%)

• DAX (DE40) 25,449.19 +194.98 (+0.77%)

• FTSE 100 (UK100) 10,541.69 +43.75 (+0.42%)

• USD Index 101.85 -0.32 (-0.32%)

News feed for: 2026.10.07

• Japan Average Cash Earnings (m/m) at 02:30 (GMT+3) – JPY (MED)

• German Industrial Production (m/m) at 09:00 (GMT+3) – EUR (LOW)

• Sweden Inflation Rate (m/m) at 09:00 (GMT+3) – SEK (MED)

• US Crude Oil Reserves (w/w) at 17:30 (GMT+3) – WTI (HIGH)

• US FOMC Meeting Minutes at 21:00 (GMT+3) – USD (HIGH)