{"id":439286,"date":"2026-10-02T19:18:52","date_gmt":"2026-10-02T12:18:52","guid":{"rendered":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-session-wrap-stocks-advance-as-bond-yields-ease-ahead-of-nfp-439286\/"},"modified":"2026-10-02T19:18:52","modified_gmt":"2026-10-02T12:18:52","slug":"investinglive-european-session-wrap-stocks-advance-as-bond-yields-ease-ahead-of-nfp","status":"publish","type":"post","link":"https:\/\/www.swingfish.trade\/blog\/market-news\/investinglive-european-session-wrap-stocks-advance-as-bond-yields-ease-ahead-of-nfp-439286\/","title":{"rendered":"investingLive European session wrap: Stocks advance as bond yields ease ahead of NFP"},"content":{"rendered":"<div>\n<p>Headlines:<\/p>\n<ul>\n<li><a href=\"https:\/\/investinglive.com\/news\/us-jobs-report-faces-a-higher-bar-as-bond-market-tensions-raise-the-stakes\" rel=\"follow\">US jobs report faces a higher bar as bond market tensions raise the stakes<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/what-is-the-distribution-of-forecasts-for-the-us-nfp-1\" rel=\"follow\">What is the distribution of forecasts for the US NFP?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/stocks\/stocks-rebound-as-bond-yields-cool-but-nfp-threatens-to-reset-the-mood\" rel=\"follow\">Stocks rebound as bond yields cool, but NFP threatens to reset the mood<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/how-have-interest-rate-expectations-changed-after-this-week-s-events-5\" rel=\"follow\">How have interest rate expectations changed after this week&#8217;s events?<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/news\/eurozone-inflation-jumps-to-3-8-in-september-as-energy-prices-surge\" rel=\"follow\">Eurozone inflation jumps to 3.8% in September as energy prices surge<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/central-banks\/ecb-policymaker-rehn-flags-energy-and-ai-risks-as-rate-outlook-stays-uncertain\" rel=\"follow\">ECB policymaker Rehn flags energy and AI risks as rate outlook stays uncertain<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/gold-price-consolidates-below-4-200-as-markets-turn-to-nfp-next\" rel=\"follow\">Gold price consolidates below $4,200 as markets turn to NFP next<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/gold-finds-support-as-dovish-fed-comments-signal-low-appetite-for-tightening\" rel=\"follow\">Gold finds support as dovish Fed comments signal low appetite for tightening<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/commodities\/silver-s-selloff-pauses-as-key-fed-members-push-back-against-october-rate-hike-bets\" rel=\"follow\">Silver&#8217;s selloff pauses as key Fed members push back against October rate hike bets<\/a><\/li>\n<li><a href=\"https:\/\/investinglive.com\/cryptocurrency\/bitcoin-breaks-out-of-the-range-as-fed-s-jefferson-comments-reduce-rate-hike-expectations-further\" rel=\"follow\">Bitcoin breaks out of the range as Fed&#8217;s Jefferson comments reduce rate hike expectations further<\/a><\/li>\n<\/ul>\n<p>Markets:<\/p>\n<ul>\n<li>10-year Treasury yields -1.6 bps to 5.22%<\/li>\n<li>CHF leads, EUR lags on the day<\/li>\n<li>Gold +0.1% to $4,180<\/li>\n<li>WTI crude -3.6% to $89.50<\/li>\n<li>European stocks higher; S&amp;P 500 futures +0.4%<\/li>\n<li>Bitcoin +2.2% to $86,511<\/li>\n<\/ul>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p style=\"text-align: justify\" class=\"text-align-justify\">It&#8217;s all about the US jobs report today. And as we gear towards the main event, broader markets are looking calmer in European morning trade.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">The bond market continues to be the main driver and today, we are seeing yields fall back as investors await fresh clues from the non-farm payrolls before deciding on the next move.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">10-year Treasury yields are down to 5.22%, well off the high yesterday of 5.34% &#8211; which was the highest level since 2002. In Europe, 10-year German bund yields have also cooled to 3.40% &#8211; holding much lower compared to the high earlier this week of 3.65%.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">That is affording equities some breathing room as we see European stocks bounce back, with US futures also building on the rebound from yesterday. The DAX is up by 0.9% and CAC 40 up by 0.5%, while S&amp;P 500 futures are up 0.4% ahead of the open.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">Lower borrowing costs is helping to provide stocks with a lift, alongside softer inflation worries as oil prices also drop on the day. WTI crude is down by over 3% to $89.50 as traders continue to weigh the situation in the Middle East in what has been a back and forth week for oil prices.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In terms of data, we had euro area September inflation come in hot as the headline figure runs up to 3.8%. The core estimate also nudged higher to 2.5% in September from 2.4% in August, but the mild acceleration is still something that the ECB might be able to look past for now ahead of their October decision. Market pricing still shows just roughly 28% odds of a 25 bps rate hike for this month, not much changed from before the release.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">In other markets, the dollar is keeping more mixed on the day with EUR\/USD being pushed lower to 1.1225 while USD\/JPY is also slightly down to 157.68 today. Meanwhile, gold is keeping a mild bounce at $4,180 as the precious metal continues to consolidate just below the $4,200 mark.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">It&#8217;s now over to the US jobs report to answer the question of whether the broader market relief we&#8217;re seeing will hold &#8211; or if the bond vigilantes will return and unleash havoc before the weekend.<\/p>\n<p style=\"text-align: justify\" class=\"text-align-justify\">\n<p>                            This article was written by Justin Low at investinglive.com.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Headlines: US jobs report faces a higher bar as bond market tensions raise the stakes What is the distribution of forecasts for the US NFP? Stocks rebound as bond yields cool, but&hellip;<\/p>\n","protected":false},"author":216,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86],"tags":[],"class_list":["post-439286","post","type-post","status-publish","format-standard","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/users\/216"}],"replies":[{"embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/comments?post=439286"}],"version-history":[{"count":0,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/posts\/439286\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/media?parent=439286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/categories?post=439286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.swingfish.trade\/blog\/wp-json\/wp\/v2\/tags?post=439286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}