EUR

Good morning. Oil prices are back above $100 a barrel, yields are climbing, and the dollar is once again in the ascendant as Iran steps up its attacks on shipping through the Strait of Hormuz and traders keep a wary eye on a storm forming in the Gulf of Mexico. Brent futures are trading near $102 a barrel after several strikes were reported overnight and forecasters warned that the first Atlantic hurricane of 2026 could threaten offshore oil and gas facilities responsible for a significant share of US output. Ten-year Treasury yields are near 5.32%, and the trade-weighted dollar is...

The US job creation engine decelerated sharply in September, adding to market bets on a short pause in the Federal Reserve’s tightening campaign in October. According to the Bureau of Labor Statistics, 29,000 jobs were added in the month—representing an undershoot relative to the 90,000-consensus forecast—while the previous two months were revised down by a total 60,000 positions, bringing the three-month average pace of job creation down to 51,000, from 71,000 ahead of the update. The unemployment rate unexpectedly ticked up to 4.2% percent from 4.1% in August, and average hourly earnings climbed just 0.1% month-over-month, slowing from the 0.3%...