The Global Pulse Weekly Update 28th Sep'26

Bond markets set the tone. The US 10-year Treasury yield finished the week above 5.1%, and two Federal Reserve officials said more rate rises may still be needed. That firmed the dollar and pulled gold down 2.1% to $4,284.20.

Stocks climbed anyway, and AI did the lifting. Excitement around Meta’s new agent Muse put technology ahead of every other S&P 500 sector, and the Nasdaq rose 2.1% to 27,068.72. We covered the interesting bits in this edition’s stories as well.

Oil gave some relief. Prices eased on reports that Washington and Tehran were moving closer to a deal to lift the naval blockade on tankers in the Gulf.

Washington says its trade truce with China has been extended by two months. Beijing has not confirmed it, and the SSEC slipped 0.6% to 3,888.37 before a holiday break.

India had a rough week. Foreign investors kept selling and the Nifty 50 fell 0.9% to 23,140.50, a seventh straight weekly loss and its longest losing run since 2020.