investingLive Americas market news wrap: Oil climbs 7%NewsAdam Button10/09/2026 | 20:14 GMT, published 10/09/2026 at 08:14 PMTagsSession wrapWrap North AmericaAdd as a preferredsource on GoogleSummaryFinancial market recap for September 10, 2026oilThe US Treasury bought $5.187 billion in 10-20 year notesUS treasury sells $22 billion of 30 year bonds at a high yield of 5.308%EIA weekly US crude oil inventories -391K vs -1554K expectedUS wholesale inventories +1.
3% in line with expectationsUS August existing home sales 3.98m vs 3.98m expectedECB's Lagarde: The economy is proving resilientUS August PPI 5.
4% vs 5.3% expectedJobless claims show steady US employment picture. Initial claims 206K vs 205k estimateECB hikes by 25 basis points, as expectedMarkets:WTI crude oil up $6.
67 to $102.72Gold down $78 to $4322US 10-year yields up 12 bps to 4.95%USD leads, AUD lagsS&P 500 down 0.
5%This is one of those days where the hairline fractures in the market split open. Eyes were on PPI today but oil stole the show. Yesterday, Trump indicated that the Iran war wouldn't end until after the midterms and that set off a scamble for supply and a ninth-consecutive day of crude buying.
It hardly slowed at any point and crude rose 7%, blasting through $100 to as high as $103.06 and trading only marginally below that late in the day.The climb in oil was compounded by a slightly hot PPI report but that number created some fresh angst into tomorrow's pivotal CPI report.
Fed pricing ahead of that is for a 70% chance of a hike. After CPI tomorrow it could be 40% or it could be 95%. Or the market could simply look ahead to the following report when these jumps in energy prices are going to be inflationary.
The Treasury market was unequivocal about the implications as yields rose 8-14 bps across the curve, led by the front end. The ECB may have given a nudge towards the hawkish thinking at the Fed as Lagarde called the hike (which was expected) a no brainer and said growth had been surprisingly strong. The euro was reluctant to rise but ended in second place behind the dollar as we price in another hike this year.
The Australian dollar was under solid pressure as metals prices fell and risk aversion dominated. Copper quickly retreated from yesterday's record high as fears about macro economic weakness hit.ADVERTISEMENT - CONTINUE READING BELOWAdvertisementAdvertisementMust ReadAdam Button on Gold, Market Noise and Risk | What Traders Need to Know Before Q4Why risk management in trading matters if you want to stay in the gameUS stocks retreat after record closesChevron and Shell shut in output at nine US Gulf facilities as storm Isaias nearsChart of the day: EUR/GBP breakdown adds to signs of euro weakness amid France's fiscal troublesWhat are the main events for today?
Market playbook: Why central banks can't just print money to stop rising bond yieldsS&P 500 outlook: Short-term weakness grows, but the broader bull market holdsCrude oil short: Crude oil tests a key swing area: A place to define riskArab sources: Several severe explosions have occurred in the Strait of HormuzHeavy selling hits US stock markets on OpenAI revenue weaknessFed's Musalem says more monetary policy firming will be requiredStock Market Sector Rotation: Earnings Risks and OpportunitiesNasdaq CEO says tokenization could free tens of billions in trapped collateralConnecting the dots: How an oil price shock can ripple across global marketsEuropean stock market open: Stocks rebound as yields ease, playing catch-up to Wall Street's late recoveryAdam Button to Discuss Gold, Market Noise and Trading Risk in Webinar Next WeekADVERTISEMENT - CONTINUE READING BELOWAdvertisementBest in 2026SponsoredGeneral Risk WarninginvestingLive is a market news and analysis platform that lists and reviews forex brokers for informational use only. We do not provide investment advice or brokerage services. CFDs are complex, high-risk products and may not be suitable for all investors.
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