Finance and Markets

Latest edition

Sent Oct 1, 2026

• US Core PCE Rises 0.2%, Consumer Spending Soars in August

  Bloomberg Markets

  US consumer spending rose in August at its fastest pace in more than a year, giving the economy momentum despite persistent inflation. The Fed’s preferred inflation gauge increased 0.3% month over month, while core PCE—excluding food and energy—rose 0.2%.

• Fed’s Preferred Inflation Gauge Comes in Cooler Than Expected

  Bloomberg Markets

  The Federal Reserve’s preferred inflation gauge came in cooler than expected, a potentially welcome signal for markets and policymakers. Bloomberg Surveillance hosts Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern discuss the data and its implications for the trading day.

• Bianco Turns Bullish on Treasuries as Yields Climb

  Bloomberg Markets

  Jim Bianco is bullish on Treasuries for the first time in six years, arguing that stronger nominal growth and higher inflation justify today’s elevated yields. He says the 10-year note could climb to 5.50%–5.75%, though yields around 5.25% already look attractive to him.

• PCE Data Could Spark Improved Bonds Sentiment: Manulife

  Bloomberg Markets

  Matthew Miskin of Manulife JH Investments says investors are heavily favoring stocks while shunning bonds. He sees upcoming PCE inflation data as a possible catalyst for bond sentiment to improve and draw investors back in.

• Equal-Weight S&P 500 Set for a Rare, Weeks-Long Losing Streak

  Bloomberg Markets

  The equal-weight S&P 500 is heading toward a seventh straight losing week. If it finishes lower Friday, the streak would be only the third seven-week decline in the measure’s history—a rare sign of sustained weakness beneath the market’s headline index.

• Asian Stocks Eye Rough Start After US Reversal: Markets Wrap

  Bloomberg Markets

  Asian stocks looked set for a choppy start to October after late US trading reversed earlier gains sparked by softer-than-expected inflation data. Oil held onto its previous-session advance, leaving investors weighing cooling price pressures against renewed market volatility.

• Stocks Waver Ahead of PCE, Micron; Mideast Oil Flows Rebound; Trump Backs Outside AI Audits

  Bloomberg Markets

  US equity futures are wavering ahead of PCE inflation data and Micron’s earnings, while Middle East oil flows have recovered toward pre-war levels despite lingering shipping risks. President Trump is also backing independent AI audits through an accord with tech executives, adding a policy angle to an already busy market day.

• JPMorgan and Goldman See Mideast Oil Flows Near Pre-War Levels

  Bloomberg Markets

  Middle East crude flows are returning to near pre-war levels, according to separate estimates from JPMorgan and Goldman Sachs, even as shipping risks persist. The update comes alongside market-moving data on the Federal Reserve’s preferred inflation gauge and Micron earnings, with implications for interest rates and the AI trade.

• The Biggest Jump in Global Crop Prices Since 2022 Threatens to Boost Inflation

  Bloomberg Markets

  Global agriculture prices posted their sharpest quarterly rise since early 2022, driven by renewed Black Sea tensions and extreme weather. The surge could make it harder for central banks to bring inflation back to target, adding a fresh headache to the policy mix.

• Inflation Grips EU’s Top Economies as Oil Prices Pummel Region

  Bloomberg Economics

  Inflation in the EU’s largest economies has climbed to its highest level in years as surging oil prices drive energy costs higher. The spike is putting the European Central Bank under pressure to decide how aggressively to respond.