Market Review September 10: Brent Holds Above $101, ECB Prepares to Raise Rate, and Apple Unveils Foldable iPhone Duo
Today, September 10, 2026, global markets remain under pressure. Brent holds above $101 per barrel, US bond yields approach 2023 highs, and stock exchanges await the European Central Bank decision and US producer price index release.
Today, September 10, 2026, global markets remain under pressure. Brent holds above $101 per barrel, US bond yields have approached 2023 highs, and stock exchanges are preparing for the European Central Bank decision and the US producer price index release. The main question for investors is whether the new wave of oil price increases will halt inflation decline and force the largest central banks to continue raising interest rates. Against this backdrop, US and European stocks are falling, Asia is mostly trading lower, gold is strengthening, and Bitcoin has dropped to $78,000.
USA: Oil Above $100 Sends Indexes Down
Session results for September 9: Indexes ended the day down, with declines broad-based (declining stocks outnumbered advancing ones by 4.1 times). The only sector to rise was energy (+1.1%). Pressure increased due to rising Treasury yields following the US Treasury’s $6 billion buyback of long-term bonds instead of the expected $8–10 billion.
Individual stock movements: Meta rose more than 6% thanks to a new autonomous AI assistant, AMD gained 3%. Alphabet fell 2.3% due to a $15.1 billion investment in Finland’s infrastructure. Dow Inc. dropped 0.6% amid a possible exit from the deal with Saudi Aramco.
Apple Unveils First Foldable iPhone
iPhone Duo announcement: Apple officially presented its first foldable smartphone with a starting price of $1,999 (7.6" and 5.4" screens, A20 Pro chip, up to 2 TB memory, pre-orders from October 16). The iPhone 18 Pro and Pro Max were also shown, with prices increased by $100 due to memory costs.
Market reaction: Shares fell 0.3% — the market reacted moderately as the lineup was already priced in. Attention shifts to actual sales and the updated Siri with AI processing directly on the device.
Europe: Drop to Monthly Lows and ECB Expectations
Sell-off on the continent: The STOXX 600 index fell 1.4% (640.41 points) — a one-month low. Only energy remained positive (+0.3%). Finnish Fortum soared 15.8% thanks to AI deals with Google (Google is investing €13 billion in AI infrastructure in Finland). Inditex dropped 3.6%, Auto1 fell 6.4%.
ECB rate decision: A 25 basis point increase is expected — from 2.25% to 2.50% (the second hike in 2026). Investors await forecasts from Christine Lagarde and signals on December steps due to inflation above 3% and expensive energy raw materials.
Asia: Oil and Bonds Weigh on Markets
Asian markets decline: MSCI Asia Pacific ex Japan lost 0.7%, Nikkei 225 −0.4%, KOSPI −0.2%. The idea of expensive oil exerts strong pressure on raw material importers.
Pressure in India: Indian indexes Nifty 50 and Sensex trade without significant changes, but oil producers rise (ONGC +2%, Oil India +2.4%). Meanwhile, the rupee weakened to 95.30 per dollar — a ten-day low due to trade balance pressure.
Oil: Brent Holds Above $101
Holding above the barrier: Brent trades around $101.10 per barrel, rising nearly 30% from August lows. The cause was a surge in attacks on shipping: Iran reported attacks on 10 vessels in the Strait of Hormuz following the US sinking of 5 tankers, and the Houthis are attacking alternative Saudi routes in the Red Sea.
EIA revision: The US Energy Information Administration raised its 2026 average price forecast to $91 for Brent and $84.65 for WTI. Production losses in the Middle East will total 5.7 million barrels per day in Q4, with export recovery delayed until 2027.
Gold, Currencies, Bonds, and Cryptocurrencies
Debt market and metals: The 10-year US Treasury yield rose to 4.84% amid the US national debt exceeding $40 trillion and oil above $100. The market prices in a 60% chance of a Fed rate hike on September 16. Spot gold rose to $4,414.28 (+0.3%), DXY stood at 98.73, EUR/USD at 1.1639, and USD/JPY held around 153.35 ahead of the Bank of Japan decision.
Crypto market dip: Bitcoin fell to $78,200 (−1.2%, low $77,845), Ethereum dropped to $2,473 (−1.1%). The key support level for BTC remains $77,500–78,000; to regain bullish momentum, it needs to break $80,000.
Main Events of the Week
US inflation index releases will set the direction for upcoming decisions by the Fed, Bank of England, and Bank of Japan.
| Date | Event |
|---|---|
| Thursday, Sep 10 | ECB interest rate decision and press conference; US PPI index (17:30 ALA); US unemployment claims |
| Friday, Sep 11 | US Consumer Price Index (CPI) (17:30 ALA; forecast +0.4% m/m, core +0.2% m/m) |
| Sep 15–18 | Meetings of the US Fed (15–16), Bank of England (17), and Bank of Japan (17–18) |
Summary: Brent holding above $100 has forced investors to shift expectations from rate cuts to the risk of a new tightening wave. The key focus today: a 25 basis point ECB rate hike, volatility following US PPI data, and pressure on the stock sector and cryptocurrencies if Treasury yields continue to rise.