Financial Markets Daily Report 29 September 2026

• US stock markets traded lower recently, with the Dow Jones falling 350 points, the S&P 500 dropping 0.31%, and the Nasdaq slipping 0.19%. • Rising global sovereign yields and volatility in oil prices pressured Wall Street as investors bet on further Federal Reserve rate hikes.

• The Sensex stock index fell sharply on Monday, closing at 72,771.72. • The index recorded a total dip of 1,124.02 points, representing a 1.52 per cent decrease.

• The Nifty index's indicative price dropped 2% in two seconds during the closing auction session on monthly expiry before recovering. • Analysts identified crude oil volatility, high US Treasury yields, and foreign institutional investor outflows as primary pressures on the market.

• The European Union and United Kingdom are relying on gas forecasts and supply diversification press releases rather than concrete energy strategies. • Germany, which manages the largest storage system in the EU, currently has its gas reserves only 58% full.

• European Central Bank President Christine Lagarde made dovish comments that increased the downside risks for the EUR/USD currency pair. • These remarks widened SOFR-ESTR spreads, which are the differences between U.S. and Eurozone overnight interest rates, and lowered expectations for a rate hike in October.

• Indian stock markets fell for a second consecutive day on September 29, 2026, driven by high oil prices and foreign fund outflows. • HDFC Bank shares traded around ₹713 as investors awaited the company's second-quarter earnings report.

• Asian stock markets traded mixed on Monday following a rally in U.S. stocks last week. • Japan's Nikkei 225 remained nearly flat at 66,333.53, while South Korea's Kospi fell 2.3% to 6,916.30.

• Asian markets are facing economic headwinds as the United States begins its monetary tightening cycle. • Markets with high financial weightings may benefit, including Singapore at 47 percent, Hong Kong at 32 percent, Malaysia at 31 percent, and India at 26 percent.

• Asian currencies showed mixed performance recently as the U.S. dollar maintained a two-month high. • The South Korean won strengthened slightly to 1,357.54 per dollar, while the Singapore dollar fell 0.1% to 1.28.

• Asian stock markets showed mixed results on Monday following a positive closing week for U.S. shares. • Japan's Nikkei 225 remained nearly flat, while South Korea's Kospi fell 2.3% and Hong Kong's Hang Seng rose 0.7%.

• Global bonds sold off on September 29, 2026, causing yields to spike across the US, UK, and Japan. • The US 10-year Treasury yield reached a 19-year high near 5.27%, while gold and silver prices dropped 3.4% and 5% respectively.