Long-dated US Treasury bond yields reached their highest levels since 2004 as bond prices fell. This increase followed data indicating strong US growth combined with rising inflation concerns. Traders reacted by anticipating further rate hikes from the Federal Reserve. Global yields also surged amid worries over high government debt levels and escalating energy prices. Continued geopolitical tensions have contributed to the prolonged pressure on bond markets.
European shares fell amid investor caution as tensions in the Middle East affecting energy markets persisted. Oil prices remained above $100 per barrel, providing some support to the energy sector. Aerospace and defence stocks faced pressure, contributing to the overall decline in equities. Additionally, investors monitored the upcoming meeting between Donald Trump and Xi Jinping regarding trade relations.
The NSE listed its own shares on the BSE on Thursday, 34 years after its incorporation, marking an ironic milestone for the exchange created to challenge the BSE’s dominance. The story of NSE began with Manohar J. Pherwani, who proposed a national, computerised exchange after the 1991 economic reforms.
The Indian rupee has fallen to its lowest point in a week, fueled by escalating oil prices and inflation worries. Although dollar sales by government banks helped mitigate the decline against the dollar, emerging market currencies are facing intense pressure. Similarly, U.S. Treasury yields have hit multi-year peaks, contributing to the challenging landscape.
Bank of England Deputy Governor Clare Lombardelli said UK interest rates may need to rise if elevated energy prices persist and fuel broader inflation through wages, expectations and corporate pricing, unless economic activity shows clear signs of weakening.
Eurozone government bond yields remain near multi-year highs as resilient economic activity and elevated oil prices fuel expectations of further ECB tightening, with French borrowing costs facing additional pressure.
Despite the Nifty Midcap 150 trading near peak levels, several individual constituents have suffered deep corrections. Data from ACE Equity reveals 10 prominent midcap stocks, including KPIT Technologies, RVNL, Tata Elxsi, and Swiggy, that have fallen between 37% and 59% from their 52-week highs.
The combined AUM of InvITs and REITs is projected to double to nearly Rs 20 trillion by 2030-31 from Rs 10 trillion in 2025-26, ICRA said. Growth is expected to be driven by infrastructure monetisation, renewable energy and fibre platforms, commercial real estate, warehousing and data centres.
The Bank of Japan could raise interest rates every three months and take its policy rate to 2% by June 2027 as inflation pressures build, former BOJ board member Makoto Sakurai said. Higher fuel costs, a weaker yen and strong AI-related demand could push Japanese inflation above 3% through early 2027.
Reliance Industries plans to raise around Rs 10,000 crore ($1.04 billion) via 10-year rupee-denominated bonds at a 7.90% annual coupon. Following a recent Rs 12,000 crore 5-year debt issuance, the oil-to-telecom major aims to secure funding ahead of the RBI’s October 7 monetary policy meeting amid favourable local yields.
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