Finance

A weaker-than-anticipated nonfarm payrolls report for September, which revealed an addition of just 29,000 jobs, significantly cooled expectations for an imminent monetary tightening. Market probabilities for an interest rate hike at the Federal Reserve's upcoming October policy meeting plummeted sharply following the data. Financial markets are now shifting focus toward the release of the central bank's latest meeting minutes for further guidance.

The benchmark 10-year U.S. Treasury yield advanced further to hover around 5.31%, maintaining its highest level since the early 2000s. The persistent fixed-income sell-off continues despite softer economic indicators, signaling that heavy government borrowing and higher real risk-free rate demands are sustaining elevated term premiums. This ongoing pressure creates a rare valuation divergence for growth equities.

Brent crude futures settled near $100 per barrel after enduring volatile trading sessions tied to geopolitical frictions in the Middle East. Energy prices found relief following an agreement among G7 nations to inject approximately 100 million barrels of diesel and crude stockpiles into the global market. Analysts note that while supply constraints persist elsewhere, these emergency reserves have temporarily checked a broader commodity surge.