Global Markets
Overnight: US 10-year yield hits 5.14%, Nasdaq +1.1%, rupee at 94.92
Tech bounced on Wall Street, but rising yields and a firm dollar kept pressure on gold, the yen and emerging markets.
Wall Street ended Monday mixed. The Nasdaq rose about 1.1% and the S&P 500 about 0.4% as chip and AI stocks recovered from last week's sell-off, while the Dow was flat. Amazon gained nearly 5%.
The bigger move was in bonds. The US 10-year Treasury yield climbed about 6 basis points to roughly 5.14%, and the dollar index edged up to about 102. Traders see around a 90% chance the Federal Reserve raises rates again before year-end, though an October move looks unlikely.
Elsewhere, Japan's Nikkei fell 1.2% on Monday, the yen weakened to about 158.5 per dollar, and China reported third-quarter growth of 4.5%. Oil stayed near $100 for US crude and about $108 for Brent. Indian markets are closed today for a holiday, so these moves feed into Wednesday's open.
| Market | Level | Change |
|---|---|---|
| Nasdaq CompositeChip and AI rebound | +1.1% | |
| S&P 500Sources put the gain at 0.4–0.5% | ~7,694 | +0.4% |
| Dow JonesFlat | -0.07% | |
| US 10-year yieldHighest pressure on rate-sensitive assets | ~5.14% | +6 bp |
| Dollar index (DXY)Firm ahead of Fed meeting | ~102.0 | +0.2% |
| USD/INRRupee 3 paise weaker on Monday | 94.92 | |
| USD/JPYYen weakest major currency | ~158.5 | +0.4% |
| Gold (spot)Sources differ by time; roughly flat to slightly lower | $4,140–4,180 | |
| Silver (spot)Outperformed gold | ~$58.2 | +0.8% |
| Brent crudeHouthi attacks vs Russia sanctions waiver | ~$108 | |
| WTI crudeSwung between $98.5 and $101.3 | ~$100 | |
| Nikkei 225Monday, AI-spending worries | -1.2% | |
| Bitcoin | ~$81,850 | +0.3% |
US yields above 5% make cash and bonds more attractive than riskier assets worldwide and keep the dollar strong. That squeezes gold, the yen and emerging-market currencies, even when tech stocks rally.
A strong dollar and high US yields tend to pull foreign money out of Indian shares; foreign investors have already withdrawn over ₹1.5 lakh crore in 2026. Combined with Brent near $108, that keeps pressure on the rupee and on oil-sensitive sectors when markets reopen Wednesday.
Written with AI assistance by TotalMarket. Based on the sources linked in this article; key facts and data should be checked against the original sources. This article is for information only and is not investment advice.
💬 Comments
Be respectful and stay on topic. No stock tips or promotions; comments are moderated.
Comments are opening soon. Meanwhile, share your view on X or Telegram using the buttons above.