Federal Reserve meeting minutes are in focus as markets increasingly expect rates to remain unchanged in October. Softer US jobs data has helped reduce expectations for another immediate rate increase.
Global markets faced a changing backdrop in Q3 2026 as oil prices surged, inflation pressures returned and bond yields moved higher. Explore the quarter's performance across equities, sectors, fixed income, commodities and currencies.
Brent crude has fallen below $100 a barrel as improving Gulf supply prospects and hopes for US-Iran diplomacy ease some supply concerns. Markets are now assessing what lower oil prices could mean for inflation, interest rates and the wider market outlook.
Markets are bracing for the Federal Reserve's September rate decision as a 25-basis-point increase becomes heavily priced. Rising UK inflation, oil above $100 and US Treasury yields above 5% are adding to the focus on global interest rates.
Gold fell below $4,300 to its lowest level in more than three weeks as rising oil prices fuelled inflation concerns and expectations of a September Federal Reserve rate hike.