Middle Eastern shipping attacks push up oil and gas prices, global bond yields rise
智通财经2026/10/08 12:07(1) The oil tanker attack in the Strait of Hormuz has intensified concerns over crude oil supply, pushing Brent crude up by $3.7 in a single day to $103.6 per barrel. Inflation expectations have risen again, leading to increases in global government bond yields and a general decline in equity markets. (2) European natural gas prices have risen to a two-week high, with Dutch benchmark gas contracts up 2.8% to €79.6 per megawatt-hour. Maersk has announced that starting next Monday, emergency fuel surcharges for imports and exports will be raised to 19%. (3) The yield on long-term UK government bonds has broken above 6% again, with the 30-year gilt yield reaching 6.004% and the 10-year gilt rising to 5.46%, putting pressure on the UK Chancellor ahead of the upcoming budget. (4) The eurozone bond market is also weakening, with French 10-year government bond yields rising to 4.91% and the France-Germany bond yield spread widening. The STOXX Europe 600 Index fell by 0.9%, hitting a nearly four-month low.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The euro is heading for a fifth consecutive week of decline, but signs of weakening selling pressure are emerging.
(1) On Friday, the euro is heading for its fifth consecutive weekly decline. However, as the French bond market stabilizes and falling US Treasury yields temper the dollar’s rally, the sustained selling pressure on the euro is beginning to show signs of easing. (2) On Monday, the euro briefly fell to 1.1161 against the US dollar, hitting a 17-month low before rebounding; this week it remains down 0.1%, with a cumulative loss of over 3% over the past five weeks. (3) Matt Simpson, senior analyst at StoneX in Brisbane, said: "I think the current market move now looks a little overdone. The euro typically only experiences two or three major swings a year, and this is one of those... but the bearish momentum is waning, so trading at current lows should be approached with particular caution." (4) Vishnu Varathan, Head of Asia Pacific Macroeconomics and Strategy at Mizuho Securities, stated that the dollar is currently “in a precarious position of dominance,” with its strength partly owing to the weak performance of both the euro and the yen.
US aerospace and defense stocks remain chilly! JPMorgan warns: Military spending outlook darkens, cooling aviation demand, and even positive Q3 results may not reverse the downturn
According to information from Zhitong Finance APP, JPMorgan believes that aerospace and defense companies are about to face a challenging third-quarter earnings season. The slowing growth of air passenger traffic, uncertainties about the outlook for U.S. military spending, and persistent supply chain constraints are all weighing on investor sentiment.
Bernstein says TSMC's Q3 revenue of 1.49 trillion New Taiwan dollars exceeded expectations by 3%
Bernstein stated that the continued growth in artificial intelligence demand and the resilience of high-end smartphone demand may continue to drive revenue growth for TSMC (TSM.US). Bernstein analysts pointed out that, based on monthly revenue data, TSMC's revenue in the third quarter reached NT$1.49 trillion, 3% higher than market expectations. The firm expects TSMC's revenue this year, denominated in US dollars, to grow by 41%. Analysts said that TSMC will release its full third-quarter financial report on Thursday, and investors will focus on its 2-nanometer process capacity ramp-up, the possibility of further expansion in the US, and the outlook for 2027. Bernstein believes there is upside potential to its previous forecasts of 30% annual revenue growth for TSMC in 2027 and 2028.
INE crude oil main contract fell 1.04% intraday, latest reported at 729.7 yuan/barrel
The main contract of Chinese INE crude oil futures just broke through the 730.0 yuan/barrel mark, now trading at 729.7 yuan/barrel, down 1.04% for the day.
Crypto prices
More
