Report published September 23, 2026
Bank J. Safra Sarasin: Market Update US, Europe & Asia – September 23, 2026
Bank J. Safra Sarasin · September 23, 2026
Global equity markets traded mixed to slightly higher, driven by sustained momentum in AI hardware and inference following Meta's Muse launch. However, gains were constrained by hawkish central bank commentary across the US and Europe alongside volatile energy dynamics.
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Finvaulta summarizes Bank J. Safra Sarasin's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
Key Takeaways
- 1.AI infrastructure momentum continued behind Meta's Muse launch and expanding inference demand, lifting semis, memory, and related tech while spurring disruption worries in traditional friction-heavy financials and service businesses.
- 2.Crude oil retreated as reports emerged of Saudi Arabia restarting operations on the East-West pipeline to Yanbu and Iranian proposals to reopen the Strait of Hormuz.
- 3.Central bank officials maintained a hawkish tone regarding persistent inflation risks; ECB's Lane signaled that a 'second wave' of energy inflation keeps an October rate hike live, while Fed speakers warned progress is slow.
Table of Contents
- Market Barometer
- U.S. Markets Recap
- EU Market Recap
- Asian Markets
Report data
Market Barometer - Equity Market
| Metric | Estimate | Context |
|---|---|---|
| Nasdaq Composite Daily Performance | 0.45% | Nasdaq reached a record close driven by AI and semiconductor gains. |
| WTI Oil 1-Day Change | -5.49% | Oil fell on news of Saudi East-West pipeline restart and potential diplomatic progress regarding the Strait of Hormuz. |
| US 10-Year Treasury Yield | 4.96% | Benchmark US 10-year yield stood at 4.96% with the 2s10s curve at 21 bps. |
| UK August Public Sector Borrowing | 18.3 GBP Billion | Overshot consensus of £15.5B and OBR forecast of £14.8B. |
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