MARKET REPORT

What an index, a sector or an asset class did, and why. The default for session coverage.

European Stocks Split: FTSE Falls on Hormuz Risk, Broader Market Snaps Two-Week Slide

A retail sales beat in the UK wasn't enough to offset concerns tied to the Strait of Hormuz, even as continental shares found support from post-Fed bond gains.

The FTSE 100 slipped on Hormuz-related concerns despite a UK retail sales beat, while broader European shares snapped a two-week losing streak on relief tied to the Fed's policy resolve, even as telecoms and energy names dragged on session-level moves.

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Central Banks and Airlines Split Over How Much Oil Risk Justifies Higher Rates

The ECB's Vujcic pushed back on oil-driven rate-hike bets while Barclays still expects the Bank of England to raise rates in November.

European Central Bank (ECB) policymaker Boris Vujcic cooled market bets that oil prices would force more rate hikes, even as Barclays maintained its call for a Bank of England (BoE) hike in November and warned a wider Middle East conflict could push rates higher still.

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Treasury yields hit 2007 highs as oil surge and bitcoin dip pressure Nasdaq

Bitcoin fell to $76,200 ahead of a Clarity Act vote and this week's Fed meeting, while long-term borrowing costs reached levels last seen before the financial crisis.

Treasury yields climbed to their highest since 2007 during the September 15 session, coinciding with rising oil prices and a bitcoin slide to $76,200 ahead of a pending Clarity Act vote and the Federal Reserve's meeting.

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