The Global Pulse Weekly Update 05th Oct'26

This week, borrowing got expensive almost everywhere. In the US, the 10-year government bond yield went to its highest level since 2002. In the UK, the 30-year yield crossed 6% for the first time since 1998, and the FTSE 100 had its worst day since May.

Then Friday’s US jobs data came in weak. The US added only 29,000 jobs in September, and unemployment went up to 4.2%. So traders now see only about a 20% chance of another Fed rate hike in October.

Tech stocks went up on that, and the Nasdaq ended the week in the green, up 0.5%. The S&P 500 still finished 0.3% lower, and London ended the week down 1.9%.

Japan did well. Micron’s strong results pushed up Japanese chip stocks, and the Nikkei 225 rose 2.9%, a third week in a row. Gold fell 1.6% because the dollar was at an 18-month high.

India had another bad week. The Nifty 50 fell 3.1% for the eighth week in a row, the longest such run in about 25 years. Foreign investors have now pulled out a record $27.8 billion this year.

China’s SSEC lost 1.2%