September's Weakness Drags Global Stocks
Global stock markets experienced widespread declines in September, affected by the rise in oil prices and the increase in U.S. bond yields. In Wall Street, the S&P 500 declined by 0.5%, and the Dow Jones dropped by over 440 points, reflecting concerns over potential interest rate hikes. In European markets, the Stoxx 600 index fell by 0.5%, influenced by rising bond yields and worsening energy conditions, while data showed U.S. inflation increased less than expected. In the Gulf markets, local stock indices also declined, whereas the Japanese Nikkei managed a monthly gain of 2.51%, supported by a surge in technology stocks. Overall, markets remain cautious about the impact of rising oil prices and persistent bond yield increases on economic growth and financial markets.
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