Markets Today (07 October 2026) at Open: Kapitales Morning Highlights from Wall Street to ASX

Headline

• ASX 200 futures point to a flat open.
• S&P 500 rose 0.6% to a fresh record close.
• Nasdaq extended its record run, finishing at a new all-time high for the second consecutive session.
• US 10-year Treasury yield eased from its highest level since 2002.
• Markets priced around an 80% chance of the Fed holding rates at its next meeting.
• Technology and utilities stocks supported Wall Street’s advance.
• Google’s nuclear energy deal boosted Constellation Energy shares.
• Marvell lifted its long-term revenue targets.
• Nvidia’s market capitalisation is approaching US$6 trillion.

Global Markets Overview

Global equity markets traded on a broadly positive footing, with gains extending across the United States, Europe, Canada and major Asian markets. Wall Street remained supported by continued strength in technology-related shares, helping the S&P 500 and Nasdaq Composite maintain their upward momentum, while the Dow Jones also advanced as broader risk sentiment stayed constructive.

In Europe, the FTSE 100 moved higher, reflecting steady investor appetite across large-cap stocks. Canada’s S&P/TSX Composite also strengthened, supported by a firmer tone across cyclical and resource-linked sectors. In the Asia-Pacific region, Japan’s Nikkei outperformed most major benchmarks as buying interest remained strong, while Indian equities also recorded a solid advance amid positive domestic market sentiment. New Zealand’s NZX 50 was comparatively subdued and finished almost unchanged. Overall, global markets presented a generally risk-on backdrop, with easing bond-market pressure and improved investor confidence supporting equities across several major regions.

Commodities & Crypto

Commodities traded higher, with broad gains across precious metals, energy and industrial materials. Gold and silver advanced as demand for defensive assets remained firm, while WTI crude oil moved higher amid continued uncertainty in global energy markets. Copper also strengthened, supported by positive sentiment toward industrial demand.

Uranium recorded the strongest gain among the listed assets, reflecting notable buying interest in the nuclear fuel market. In contrast, Bitcoin moved lower, reflecting softer sentiment in the cryptocurrency market. Overall, commodity markets maintained a positive tone, with gains spread across metals and energy, while cryptocurrency sentiment was comparatively softer.

Bond Yields

Bond yields were mostly firm across major markets, with US Treasury yields moving higher and Japan’s benchmark yield remaining broadly steady with a slight increase. The US 10-year yield edged up, while the US 30-year yield also advanced, keeping longer-term borrowing costs elevated. The rise in longer-dated US yields suggests investors continued to demand higher returns for holding government debt over extended periods, reflecting ongoing uncertainty around inflation, monetary policy and the longer-term interest-rate outlook. Japan’s 10-year government bond yield was largely unchanged, indicating a relatively stable session in the Japanese bond market.

Australia moved in the opposite direction, with the 10-year government bond yield declining during the session. Overall, the bond market remained characterised by elevated long-term yields, particularly in the United States, while Australia provided some relief through lower benchmark borrowing costs. The broader trend continued to reflect cautious positioning across global fixed-income markets.

Key Drivers

• S&P 500 rose for a fourth straight session, reaching its first record high since 13 August.
• Nasdaq posted a second consecutive all-time high.
• Ten of eleven S&P 500 sectors finished higher; healthcare was the only sector in the red.
• US Dollar Index slipped 0.25% to 101.8, but remained 3.1% higher since early September.
• US 10-year Treasury yield eased about 2 bps to near 5.28% after hitting its highest since April 2002.
• Brent crude settled 0.9% higher at US$101.12 per barrel.
• Saudi Arabia restored East-West pipeline capacity to 5.8 million barrels per day.
• JPMorgan CEO Jamie Dimon warned that sticky inflation could keep interest rates higher.
• S&P 500 PEG ratio fell to a 30-year low, according to Yardeni Research.
• First-half profits at NYSE member firms surged 51% to US$49.5 billion.
• Constellation Energy jumped about 12% after Google signed a 20-year, US$4.3 billion nuclear power deal.
• AMD said it plans to significantly increase chip supply in 2027 to meet AI demand.
• Nvidia reached another record high, with its market value approaching US$6 trillion.
• Berkshire Hathaway increased its Lennar stake to about 12% after buying roughly 2.4 million shares.
• Yemen government forces launched an offensive toward Houthi-held Sanaa after retaking Mokha.
• Iran intensified tanker attacks near the Strait of Hormuz, keeping oil-export risks elevated.
• Markets priced a 21% chance of an October Fed hike and nearly 70% odds of a December increase.
• US trade deficit widened to more than US$100 billion in August, while ANZ-Roy Morgan consumer confidence fell to 67.1 after the RBA rate hike.

ASX Company News

• Redox Limited (ASX: RDX) reported record FY26 sales revenue of AU$1.33 billion, up 6.9% on the prior year, while net profit after tax increased 19.2% to AU$92 million. North American sales rose 33.8% to above AU$100 million, while Q1 FY27 average selling prices were around 9% higher than the prior corresponding period and gross margins remained above FY26 levels.
• Regis Resources Limited (ASX: RRL) reported Q1 FY27 gold production of 83.0koz, meeting expectations despite significant September rainfall. The company generated AU$146 million in pre-tax cash and bullion, including a AU$51 million Vault break fee, and held AU$1.28 billion in cash and bullion at 30 September 2026. FY27 group production guidance remains 360–400koz.

Stocks trading ex-dividend today

• MFF Capital Investments Limited (ASX: MFF) – AU$0.11
• Ryder Capital Limited (ASX: RYD) – AU$0.03

Key Economic Drivers (What to Watch Today)

• Oil prices: Crude oil movements will be closely watched amid ongoing geopolitical and supply concerns.
• US dollar: Currency moves could influence commodities, emerging markets and global financial conditions.
• Geopolitical developments: Fresh developments in the Middle East could affect energy prices, inflation expectations and broader market sentiment.

Summary

• ASX 200 futures indicate a flat open following a positive overnight session on Wall Street.
• S&P 500 rose 0.6%, marking a fourth straight gain and a fresh record close.
• Nasdaq posted a second consecutive all-time high.
• Ten of eleven S&P 500 sectors finished higher, with healthcare the only laggard.
• US 10-year Treasury yield eased about 2 bps to around 5.28% after hitting its highest since April 2002.
• US Dollar Index slipped 0.25% to 101.8.
• Brent crude settled 0.9% higher at US$101.12 per barrel.
• Saudi Arabia restored East-West pipeline capacity to 5.8 million barrels per day.
• Constellation Energy surged about 12% after Google signed a 20-year, US$4.3 billion nuclear power deal.
• Nvidia hit another record high, with its market value approaching US$6 trillion.
• Markets priced a 21% chance of an October Fed hike and nearly 70% odds of a December increase.
• US trade deficit widened to more than US$100 billion in August, while ANZ-Roy Morgan consumer confidence fell to 67.1.

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