Top Monte dei Paschi investor backs Intesa’s sweetened €34.5bn takeover bid
Euro zone business growth hits over 3-1/2-year high despite inflation worries, PMI shows
ECB’s Lane: recent energy price surge a drag on growth, may limit need for ECB action
Japan and Australia offer hope Asia’s M&A market
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Bolsonaro’s First-Round Lead Sets Brazil Assets for Surge
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AkzoNobel rises as Nippon Paint buys Asia-Pacific unit for $1.35 bln
German services sector grows in September on strong demand, PMI shows
India-US trade talks hit ’plateau’, finance minister says, as tariffs narrow room for deal
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ECB’s Nagel: high inflation not yet setting off second-round effects
Ithaca Strikes First International Deal With Foray Into Canada
Eurozone Services PMI Remains Steady at 53.0 in September
Iraq commits $3bn to boost economic growth
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US, India Officials Signal Trade Deal Negotiations at an Impasse
European Stock Markets Open Lower Amid Fiscal Concerns in France
Grieg Seafood shares fall 5% as algae event hits 2026 harvest
Genmab shares jump as ovarian cancer drug shows durable responses in trial
South Africa’s economy contracts in September amid weak demand
Spain’s service sector posts joint-fastest growth in 3.5 years
European shares rise after last week’s selloff; French stocks lag
German machinery orders fall 5% in August as domestic, foreign demand weaken
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Brazil markets expected to jump after Bolsonaro outperforms polls, analysts say
Chemicals sector leads Asian growth rankings in September
Japan service sector growth slows in September, PMI shows
Takaichi pledges fiscal discipline as Japan’s debt bill rises
EM Investors Shrug Off Quarter’s Pullback, Double Down on Carry Trades
Surprise Slowdown in Turkish Prices Makes Case for Rate Cut
Stocks Drift as Europe’s Woes Send Euro Lower: Markets Wrap
Schneider Expands AI Drive With Record $22.6 Billion Acquisition
Sanae Takaichi tells markets to ‘rest assured’ over Japan’s spending plans
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FTSE 100 today: Stocks rise as soft U.S. jobs data cuts Fed hike bets
Turkey Annual Inflation Slows More Than Expected in September
European equities stage recovery on U.S. rate relief; PMIs awaited
Japan stocks higher at close of trade; Nikkei 225 up 2.45%
India eyes Qatar, Gulf equity in energy shift
UAE builds probe for 5bn km space mission to ancient asteroid
Rise in oil activities drives up Oman’s economy
Robotics Startup RobCo Hits $1 Billion Valuation
Deutsche Telekom sees AI driving €2.5 bln cost savings by 2030
BT buys TalkTalk for £400 mln, sees value from integration
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Vietnam Warns of ‘Challenges’ to Hitting Lofty 10% Growth Goal
Euro slides to 17-month low against dollar
UBS downgrades Hermès as weaker scarcity points to more cyclical demand
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Iran’s Oil Minister Resigns as Exports Dry Up Under US Pressure
BT buys struggling rival TalkTalk out of administration
Gold prices steady after weekly slide as weak jobs data ease Fed hike bets
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Ukraine scrambles for money to fight war as Russian strikes batter economy
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Huawei agrees to a multi-year patent licensing deal with Qualcomm
Taiwan stocks higher at close of trade; Taiwan Weighted up 2.46%
Euro Falls to 17-Month Low on Region’s Fiscal Risks
French Bonds at Risk of More Japanese Selling on Outsized Stake
Leftist, nationalists set to win election for Bosnia’s tripartite presidency
October Historically Strong for Treasury Yields, Raises Concerns for Markets
October has historically been a significant month for U.S. Treasury yields, with 10-year yields rising by an average of 6.52% over the past 15 years, marking it as the strongest month for yields. This trend is particularly relevant as current market conditions show yields rebounding towards 5.28% after a brief dip to 5.16%, indicating ongoing pressure in the bond market.
The relationship between rising Treasury yields and the U.S. dollar is also noteworthy. October has seen the USD/JPY currency pair gain an average of 1.79% over the past 15 years, with the pair rising in every October for the last five years. However, with the dollar already at elevated levels, potential intervention from Japanese authorities could limit further upside.
In contrast, the S&P 500 has averaged a gain of 2.03% in October, suggesting a positive seasonal trend for U.S. equities. However, the current high levels of long-term yields pose a challenge for stock valuations, making it difficult for equities to achieve their typical October gains. The interplay between rising yields and equity performance will be crucial to watch as the month progresses.
Source: KLEA News