Oil Prices Fall as Middle East Exports Recover, G7 Eases Supply Fears 
Asian Stocks Rally as Soft US Jobs Data Boosts Tech 
Oil Prices Fall as G7 Reserve Release Eases Supply Fears 
Nasdaq Hits Record High as Tech Stocks Lift Wall Street 
Bank of America Sees EUR/USD at 1.15 by Year-End 
Scope Warns US Debt Could Hit 160% of GDP 
Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
Thailand Plans Dual-Class Shares to Revive IPO Market 
Hong Kong Stocks Slip as Property, Financial Shares Weigh 
US Stock Futures Rise as Weak Jobs Data Eases Fed Hike Bets 
Ukraine Faces $56 Billion Budget Gap as War Costs Soar 
European Stocks Diverge as French Fiscal Crisis Hits CAC 40 
China Shuts 670 Banks as Bitcoin Eyes Financial Risks 
Europe EV Sales Hit Record as Affordable Models Boost Demand 
OPEC+ Keeps November Oil Output Targets Steady 
Euro Hits 17-Month Low as France Debt Fears Boost Dollar 
Add as a preferred source on Google
Wall Street closed higher Monday as easing oil prices and gains in materials and communication services helped stocks withstand another sharp sell-off in global bonds.
The S&P 500 gained 0.7% to 7,777.31, putting the benchmark within reach of its record closing high of 7,798.99 set on August 13. The Nasdaq Composite climbed 1.1% to a record close of 27,477.31, while the Dow Jones Industrial Average advanced 0.2% to 51,268.37.
Stocks benefited from softer energy prices as Middle East crude exports recovered and Group of Seven nations moved to ease supply concerns. Investors also assessed fighting in Yemen near the Bab el-Mandeb Strait, a critical shipping route.
Brent crude slipped about 0.1% to $100.26 per barrel in volatile trading. Middle East crude exports reached at least 16.5 million barrels per day in September, according to Kpler, returning to levels seen before the Iran war. G7 countries also agreed to release 100 million barrels of crude and diesel from emergency reserves.
However, rising bond yields remained a major risk for equities. The benchmark 10-year U.S. Treasury yield rose 3.3 basis points to 5.313%, while the 30-year yield increased 3.6 basis points to 5.666%, leaving both near their highest levels since 2002.
Concerns about inflation, heavy corporate borrowing for artificial intelligence infrastructure, government debt and hawkish central banks have fueled the global bond rout. Fiscal worries in France have added pressure, with the Franco-German 10-year yield spread widening sharply.
Federal Reserve rate hike expectations have nevertheless eased following weaker U.S. economic data. JPMorgan analysts said market odds of an October rate increase fell from roughly 70% at the start of last week to around 20% by its end, although they still expect another hike in December.
Investors now face a relatively quiet economic calendar, with services-sector surveys and Federal Reserve meeting minutes among the key events to watch as the S&P 500 approaches record territory.
