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That company-specific debate is happening against a difficult market backdrop. Brent crude remains above $100, the U.S. 10-year Treasury yield is around 4.84%, and investors are waiting for Thursday's U.S. producer price inflation report at 08:30 ET. Higher oil prices and bond yields can make investors less willing to pay high valuations for future growth.

Key stock movers to watch Thursday

• Meta (META): Investors are responding positively to its new Muse personal AI agent.

• ServiceTitan (TTAN): A roughly 30% drop shows how unforgiving the market can be when forward guidance disappoints.

• Navan (NAVN): Strong growth was overshadowed by rapidly rising expenses.

• Cloudflare (NET): AI is being viewed as a potential cybersecurity revenue opportunity…

IC – Europe Fundamental Forecast | 10 September 2026

What happened in the Asia session?

The Asia session was dominated by oil above $100, escalating Middle East tensions, higher global yields, and renewed expectations for BOJ tightening. The biggest direct market reaction was seen in oil, Asian equities, and USD/JPY, while gold remained supported by dollar weakness. The BOJ’s warning about potentially faster rate hikes gave the yen additional support. At the same time, markets remained cautious ahead of today’s U.S. PPI and tomorrow’s CPI, which could determine whether the Fed moves toward tighter policy next week.

What does it mean for the Europe & US sessions?

Thursday’s European and U.S. sessions could be highly volatile as traders…

Oracle reports its fiscal first-quarter 2027 results after the US market close today, putting the software and cloud infrastructure giant back in the spotlight as investors try to determine whether its aggressive AI investment cycle is translating into sustainable growth.

Wall Street expects adjusted EPS of around $1.75 and revenue of about $19.1 billion, which would represent roughly 28% y/y revenue growth. But for this report, the headline EPS number may not be the most important figure. Investors are likely to focus on Oracle's cloud growth, the conversion of its enormous backlog into actual revenue, capital spending and how the company plans to finance its AI infrastructure buildout.

What are analysts expecting?

Consensus estimates put…

For many years now, there has been one narrative that Bitcoin has sought to capitalise on. And that is if governments borrow too much, fiat currencies lose their purchasing power and investors will seek refuge in scarcer assets. That is the idea of the debasement trade.

Now with US government debt topping $40 trillion and long-term Treasury yields rising to multi-year highs, concerns around fiscal sustainability is becoming harder and harder to ignore. And it is not just in the US, we're also seeing that to be the case in Japan, Europe, and the UK.

As such, that very narrative for Bitcoin is being put into another real world test.

But as we're seeing since last year, the interesting part is that gold - and not Bitcoin - still looks to be the…

●         Asian Stock Markets : Nikkei down 0.66%, Shanghai Composite down 0.35% Hang Seng down 1.36% ASX down 0.51%

●        Commodities : Gold at $4,452.17 (-0.19%) Silver at $68.018 (-0.98%), Brent Oil at 101.01 (-0.21%), WTI Oil at 96.10 (0.06%)

●        Rates : US 10-year yield at 4.846, UK 10-year yield at 5.2678, Germany 10-year yield at 3.4381

●        (USD)    ADP Weekly Employment Change  12.0K to 10.0K  expected

Stocks fell Wednesday as rising Treasury yields and surging oil prices continued to pressure investor sentiment, sending the three major indexes lower for a third straight session.

The Dow Jones Industrial Average dropped 405.41 points, or 0.77%, to…

US Stocks Extend Losses as Middle East Conflict Escalates

US equity markets declined further in trading yesterday as the conflict in the Middle East intensified, with both the US and Iran increasing military strikes across the Gulf. The escalation added to concerns over regional energy supplies and weighed heavily on investor sentiment, particularly as Brent crude moved above the key $100-a-barrel level.

All three major US indices finished the session lower. The Dow Jones declined 0.77% to close at 52,380, while the S&P 500 fell 0.48% to 7,636. The Nasdaq also came under pressure, dropping 0.64% to finish the session at 26,253.

US Treasury yields moved higher across the curve as investors continued to assess the inflationary…

IC – Asia Fundamental Forecast | 10 September 2026

What happened in the U.S. session?

The escalation in the Iran conflict pushed oil above $100, lifting inflation expectations and Treasury yields while weighing on U.S. equities. Gold and the yen benefited from safe-haven demand, while the dollar was surprisingly softer despite higher yields. The next major catalyst is Thursday’s U.S. PPI and jobless-claims data, followed by Friday’s CPI, which could significantly shift expectations for the Fed’s next move.

What does it mean for the Asia Session?

Asian markets are likely to remain volatile on Thursday. Oil above $100 is the main inflation and risk driver, while the stronger yen and expectations of BOJ tightening are adding further pressure…

The European Central Bank is widely expected to raise its deposit rate by 25 basis points to 2.50% today, with the move already fully priced in by the markets. With the rate decision itself unlikely to provide much of a surprise, the focus will be mainly on President Lagarde’s press conference.

The meeting comes against a complicated backdrop for the Governing Council. Eurozone headline inflation accelerated to 3.3% y/y in August, while energy prices have risen sharply amid the ongoing geopolitical tensions and disruptions in the Strait of Hormuz. European gas prices reached the highest levels since 2022 recently and the Iran war doesn't look like it's going to end anytime soon. At the same time, core and services inflation have…

Here's a quick snapshot of how we are starting the day in Europe:

• Eurostoxx +0.1%
• Germany DAX +0.1%
• France CAC 40 +0.2%
• UK FTSE flat
• Spain IBEX +0.6%
• Italy FTSE MIB +0.5%

Regional equities are attempting a modest rebound at the open after yesterday’s sharp selloff, with Spain and Italy leading early gains with some light moves higher elsewhere.

That being said, the recovery remains tentative. With Brent crude holding above $100, the inflation threat is still firmly in focus. Meanwhile, global bond yields also remain elevated as we get into the second half of the week.

The focus and attention now turns squarely to the ECB, which is widely expected to raise key interest rates by 25 bps later today.

• ECB preview: A rate hike expected as markets focus…