Market Update

Latest edition · October 6, 2026

market update us europe asia (2)

Global equity markets pushed higher led by US tech and Japanese benchmarks, brushing aside rising long-term Treasury yields and Eurozone sovereign spread volatility. Major corporate M&A deals included Schneider Electric's $22.6B bid for PTC and C.H. Robinson's $5.8B purchase of RXO.

On 6 October 2026, Bank J. Safra Sarasin reported that global equities traded mostly higher, with the Nasdaq reaching record highs and the Nikkei 225 surging 2.4%. Market sentiment proved resilient despite sovereign yields climbing (US 10-year yield at 5.32% and UK 10-year gilt at 5.42%) and ongoing geopolitical tensions around the Strait of Hormuz. In macro data, the US ISM Services index printed at 54.9 with prices paid accelerating to 74.0, while Eurozone inflation reaccelerated on energy. Corporate developments were dominated by major acquisitions, including Schneider Electric acquiring PTC for $22.6B and C.H. Robinson acquiring RXO for $5.8B, alongside key upgrades in large-cap technology and retail.

Key takeaways from the latest edition

• 1.Global equities advanced, led by Japan (+2.4%) and US tech (Nasdaq +1.05%), with the S&P 500 trading within 0.3% of its record close despite upward pressure on benchmark sovereign yields.
• 2.M&A activity headlined single-stock news, driven by Schneider Electric's agreed ~$22.6B acquisition of PTC and C.H. Robinson's $5.8B takeover of RXO.
• 3.Middle East geopolitical friction persists with Hormuz transit disruptions, though regional crude exports rebounded to 18.3M bpd as Saudi Arabia and Kuwait restored shipments.

What this series covers

• Market Barometer
• U.S. Markets Recap
• Macro
• Notable Movers
• EU Market Recap
• Asian Markets

Edition archive

• market update us europe asia (2)

  October 6, 2026

• market update us europe asia

  September 23, 2026

• market update us europe asia

  August 26, 2026

• market update us europe asia

  August 25, 2026