Financial Markets Daily Report
28 October 2026
Brent and TTF saw significant volatility during the session, with initial gains fading on signals from Iran regarding potential peace negotiations, before prices recovered some ground later in the day. Brent recorded its second consecutive daily decline (-1,7%), while TTF edged slightly lower.
In fixed income markets, the session was dominated by pre-Fed positioning. US Treasury yields rose across the curve with the 10-year touching 5%, the dollar strengthened to a two-week high, and the euro extended its losing streak to five sessions. European sovereigns were mixed : Germany outperformed on lower energy prices while French lagged on fiscal and political concerns. All eyes now turn to today's Fed decision and Thursday's ECB announcement.
Equity markets edged higher, on AI and a risk-off sentiment. Asian indices rose overnight on revived AI momentum, moved by optimism surrounding chipmakers, lifting the Japan's Nikkei and sparking a rebound in Chinese stocks. Wall Street closed higher yesterday (its best run in weeks), with megacap tech in charge, while European indices experienced moderate gains.