Rejection of Hormuz Proposal Lifts Oil: Brent Above $106
Oil prices started the week higher after US President Donald Trump confirmed he had rejected Iran's proposal to reopen the Strait of Hormuz. Brent crude rose above $106 a barrel, while US crude (WTI) climbed 1.83% to $94.10; concerns that the resumption of oil flows through the Strait of Hormuz would be delayed are supporting prices.
Gold Breaks $4,246 Support: $4,185 and $4,121 Are Next
Under pressure from a stronger dollar and rising bond yields, gold fell below the technically important $4,246 support to around $4,197. Analysts note that if this level is also broken, the $4,185 and $4,121 support levels could come into play next.
US 10-Year Treasury Yield at Post-2007 High of 5.21%
The US 10-year Treasury yield rose to 5.21%, renewing its highest level since July 2007. The rise is being driven by a strong US growth outlook, growing concerns over government debt, and expectations that the Fed may hike rates further; meanwhile, the dollar index (DXY) is also trading around 101 points, near its roughly two-month high.
Cleveland Fed President Hammack: Rise in Yields Reflects Growth and Debt Concerns
Cleveland Fed President Beth Hammack said the rise in long-term bond yields reflects a strong growth outlook, concerns over government debt, and expectations of further rate hikes from the Fed; Hammack stressed that real rates have risen more than inflation expectations. Following these remarks, markets are now pricing in around a 65% probability of an October rate hike.
Ekonomik Takvim | September 28 - October 2, 2026
🇺🇸 October 2, 2026, 15:30 (TSİ)
US Non-Farm Payrolls (NFP)
The US Department of Labor's September non-farm payrolls report will be released at 15:30 (TSİ); a strong labor market reading could shape expectations for the Fed's October rate decision.
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