The Intelligence Layer Beyond Your Own Book

Tech stocks led global equities higher, pushing major indices towards record highs despite Treasury yields climbing to 5.34%. Meanwhile, gold retreated and investors continued to monitor French fiscal risks ahead of Marine Le Pen's alternative budget proposals.

French bonds fell as the government’s deficit-reduction plans increased political and fiscal concerns across European markets. Meanwhile, oil held above $102 and investors awaited today’s US payrolls report for clues on the outlook for further Fed tightening.

Softer US core PCE reduced expectations of an October Fed rate hike, while upbeat technology forecasts lifted equity futures. The yen weakened after the Bank of Japan’s September meeting minutes disappointed investors hoping for a more hawkish outlook.