Weekly Financial News — October 9, 2026

🌍 Dominant theme of the week

The week of October 5 to 9, 2026 was dominated by a heavy sell-off in long-dated bonds and oil back above $100. On Wednesday the US 10-year yield touched 5.36% and the 30-year 5.73%, the highest since 2002, according to NBC News. On Thursday Brent jumped 5.48% to $105.69 on tanker attacks in the Strait of Hormuz and reports that US strikes on Iran were under consideration, according to Boursorama, while a Financial Times report on OpenAI’s revenue knocked artificial-intelligence stocks. On Friday Donald Trump said the United States would not attack Iran before the November 3 midterm elections, which eased yields. Wall Street ended the week higher, the STOXX 600 flat and the CAC 40 lower, weighed down by French budget uncertainty.

📉 Weekly market performance

Closes on Friday, October 9, 2026, and change over the week.

US changes calculated on the October 2 closes in the previous edition. STOXX 600: level from Trading Economics, weekly change from Reuters. Nikkei 225 omitted: Friday readings diverge between 68,906 and 69,031 points.

• Wall Street ends the week higher despite bond market stress – The S&P 500 rose 0.59% on Friday to 7,811.54, close to its record, the Dow Jones 0.83% and the Nasdaq 0.64%, according to Yahoo Finance. The Nasdaq set records on Monday and Tuesday and the S&P 500 on Tuesday, before both slipped on Wednesday and Thursday, according to Boursorama.
• The CAC 40 rebounds Friday but loses 1.19% over five sessions – The index gained 0.95% on Friday to 7,803.33, according to BFM Bourse and Boursorama. ArcelorMittal (+5.6% to +5.9% depending on the source), Capgemini (+3.8%) and Bureau Veritas (+3.6%) led the gains, with STMicroelectronics (-3%) and Orange (-2.5%) the main laggards. As of Thursday it was down 5.15% since January 1, according to Boursorama.

🛢️ Commodities & Energy

• Brent holds above $100 despite Friday’s easing – Brent traded between $104.28 and $104.71 on Friday, up 2% to 2.6% on the week according to Trading Economics and Reuters. Attacks on tankers in Hormuz and Hurricane Isaias, which shut in about 1.3 million barrels per day of Gulf of Mexico output, supported prices.
• WTI and diesel slip after the Russian diesel announcement – After a call with Vladimir Putin, Donald Trump said on Friday that Russia would immediately supply more than 300,000 tons of diesel, according to FXStreet, and the US Treasury authorised those imports until April 7, 2027. WTI briefly fell to $90 before ending between $91.40 and $92, flat to 1% higher on the week according to Trading Economics and Reuters, while New York diesel futures lost about 4%.
• Gold gains more than 1% on the week – Spot gold ended near $4,195 an ounce on Friday, up 1.5% on the day according to Trading Economics, against $4,140.79 the previous Friday according to PriceGold. Lower yields after a well-received 30-year auction and a softer dollar supported the metal.
• European gas posts a second weekly gain – Dutch TTF rose about 4% on the week, to between €78 and €80 per megawatt-hour according to Trading Economics, on risks to liquefied gas flows through Hormuz. Aluminium held near $3,056 a tonne, close to the three-month low hit on October 1, according to the same source.

🏦 Central banks

• Fed minutes confirm a bias toward further hikes – According to the minutes of the September 15-16 meeting released on Wednesday, the increase to 3.75%-4% was unanimous and most participants judged another hike likely appropriate by year-end. Markets price an 81% to 82% probability of a hold on October 28 and 81% to 88% for a December hike, according to Trading Economics and LSEG.
• ECB account highlights upside inflation risks – Released on Thursday, the account of the September meeting says members saw risks to the inflation outlook tilted to the upside, because of the Middle East conflict and the war in Ukraine. Chief economist Philip Lane argued for a meeting-by-meeting approach. According to LSEG, markets see a 20% chance of a hike on October 29 and 75% in December.
• Bank of England edges closer to a November hike – Catherine Mann said inflation could reach 4% around the turn of the year, and Governor Andrew Bailey reiterated the need to bring it down, according to Trading Economics. Markets expect a hike at the November 5 meeting.
• Bank of Japan prepares the ground for further increases – Ayano Sato, who opposed the September hike to 1.25%, backed raising rates gradually in several stages, according to Trading Economics, and FXStreet reported hawkish remarks from Governor Kazuo Ueda. Japanese real wages rose 1.5% year on year in August.

📊 Macro data

• US consumer sentiment falls to 46.3 in October – The University of Michigan preliminary index fell from 48.1 to 46.3, its lowest since May, against 47.8 to 48 expected, according to Reuters and Yahoo Finance. Respondents cited mounting frustration over the cost of living.
• US services prices at their highest since 2022 – The ISM services index slipped from 55.4 to 54.9 in September, slightly below expectations, according to Trading Economics. Its prices-paid component rose to 74, the highest since July 2022, and employment moved back to 50.1.
• German industrial production jumps 2% in August – According to Destatis, output rose 2.0% on the month against roughly 0.5% expected, driven by construction (+9.3%). Autos fell 5.4%, and excluding energy and construction the gain was only 0.6%.
• Euro area retail sales stall in August – Volumes rose 0.1% on the month against 0.2% expected, after -0.6% in July, according to Eurostat data cited by Trading Economics. Fuel sales fell 1.9% and France dropped 1.1%.
• European investor confidence slips in the Sentix survey – The Sentix index fell from 5.1 to 2.7 in October, more than expected, after a more than four-year high in September, according to FXStreet.

🪙 Cryptocurrencies

• Bitcoin slides toward $82,000 over the week – Bitcoin traded around $82,300 on Friday evening according to Yahoo Finance, against $85,000 to $86,700 a week earlier. Ether was around $2,490 to $2,500, against $2,705 to $2,747, according to Chaincatcher and Feargreedmeter. The Fear & Greed index fell from 71 on Wednesday to 64 on Thursday according to FXStreet, and to 58 on Friday according to Coinglass.
• Bitcoin funds post their largest outflow since June – US spot bitcoin funds lost about $485 million on Wednesday, their largest daily outflow since June 25, according to Farside Investors data cited by crypto.news, close to the $487 million reported by SoSoValue. Ether funds saw $161 million of redemptions the same day, according to FXStreet.
• Strategy keeps buying at a slower pace – According to a filing with the SEC on Monday, Strategy bought 334 bitcoin for $28.7 million between October 1 and 4, and held 848,000 bitcoin as of October 4.

💱 Currencies

• The euro heads for a fifth weekly loss against the dollar – EUR/USD stood at about 1.1192 to 1.1194 on Friday, according to Reuters and BFM Bourse, against roughly 1.125 a week earlier. The euro fell to 1.1161 on Monday, its lowest since May 2025, according to Boursorama.
• The yen ends a fourth straight weekly decline – The dollar bought about 158.24 yen on Friday, against 157.66 a week earlier, according to Trading Economics. Sterling rebounded toward $1.324 after a three-month low, according to the same source.

📈 Investment themes & analysis

• Schneider Electric agrees to buy PTC for $22.6 billion – The group will pay $205 per share in cash, a 42.3% premium, with completion expected by the third quarter of 2027, according to The Next Web. It expects about €250 million in annual synergies. Schneider shares fell 9.97% on Monday, according to Boursorama.
• SpaceX rattles telecom operators with a spectrum purchase – SpaceX announced the purchase of a nationwide 800 MHz spectrum portfolio from Grain Management, subject to US regulatory approval. Verizon, AT&T and T-Mobile lost between nearly 9% and more than 13% on Friday according to Yahoo Finance, with Vodafone down 4.86% and Orange 2.5% according to Reuters.
• OpenAI revenue report revives doubts over AI spending – According to the Financial Times, OpenAI told investors its annualised revenue was about $50 billion at the end of September, well short of the $70 billion previously reported, a gap Yahoo Finance attributes to accounting methods that differ from Anthropic’s. On Thursday Nvidia fell 3.08% and Micron 4.79%, according to Boursorama.
• French auto suppliers punished after a profit warning – OPmobility plunged 20.82% on Thursday after cutting its 2026 targets and announcing job cuts, dragging Forvia down 10.85%, according to Boursorama. On Friday UBS upgraded ArcelorMittal to buy and Bank of America did the same for Soitec, according to BFM Bourse.

🔭 Observed trends

• Long-dated yields hit new peaks before pulling back – The US 10-year yield peaked at 5.36% on Wednesday, against 5.25% to 5.28% a week earlier, before easing to about 5.24% to 5.26% on Friday, according to NBC News, Yahoo Finance and Reuters. The French 10-year yield ended at 4.86%, a 137 basis-point spread over the Bund according to Reuters.
• Fed bets shift from October to December – The previous edition noted a 16% probability of an October hike according to Yahoo Finance. Markets now see a hold this month but a December hike, a pattern similar to the ECB’s.
• Wall Street advances while Paris retreats – For a second straight week the CAC 40 fell, by 2.24% and then 1.19%, while the Nasdaq rose 0.45% and then 0.64%. Brent, around $100 to $101.50 a week earlier, ended above $104.

This content is provided for informational purposes only and does not constitute investment advice. Past performance does not guarantee future results. Consult a qualified financial adviser before making any investment decision.

Weekly financial bulletin automatically generated on October 9, 2026.