US stock indices closed higher on Tuesday with support from the heavyweight tech sector as the surge in bond yields paused and softened pressure on the sector's credit outlook. The S&P 500 added 0.6% and the Nasdaq 100 rose 0.5% each to their record highs, while the Dow gained 253 points. Both AI infrastructure and hyperscaler stocks were mostly higher as fresh deals in the sector continued to spur speculative demand for the technology. OpenAI was in talks for a $30 billion round of financing with UAE funds and Alphabet gained 0.3% ahead of an agreement to acquire nuclear energy capacity from Constellation Energy, which rose 12.2%. Meanwhile, AMD jumped 2.8% as CEO Lisa Su signaled strong chip demand in the coming years. Microsoft rose 0.8% and Amazon gained 1.9%, while Nvidia added 0.1%.

Crude oil pared its early losses to trade around $89.5 a barrel on Tuesday, after falling below $87 earlier in the session as supply concerns resurfaced. A Saudi-led coalition said it had intercepted and destroyed a ballistic missile launched by the Houthis toward Khamis Mushait in Saudi Arabia, while reports indicated that Iran had stepped up attacks on tankers transiting the Strait of Hormuz in the past days. However, signs of improving supply flows continued to weigh on prices. Saudi Arabia’s Minister of Energy, Industry and Mineral Resources announced that the East-West oil pipeline had restored its crude pumping capacity to 5.8 million bpd. Meanwhile, G7 countries agreed on Friday to release 100 million barrels of diesel and crude from emergency reserves and pledged to refrain from imposing energy export restrictions. Despite these measures, the EIA projected Brent crude prices at $105 a barrel in Q4 2026, $14 higher than its previous forecast.

Canada recorded a trade surplus of C$4.2 billion in August of 2026, widening from the upwardly revised C$0.79 billion in the earlier month to mark the largest trade surplus since May of 2022 and the second-largest since August 2008, despite the appreciation of the Canadian dollar against the greenback. Exports jumped by 2.5% from the previous month to C$77.9 billion as the increase in energy prices due to the war in the Middle East drove energy product sales to surge 4.7%. Exports of consumer goods rose 6.6% and those of industrial machinery and equipment rose 10.1%. Exports to the US surged 8.1% as US consumers likely front-loaded purchases of Canadian goods before a series of tariffs took effect later in the month. Meanwhile, imports fell by 2.0% to C$73.7 billion. Purchases were lower for motor vehicles and parts (-8.8%) and metal and non-metallic mineral products (-7.0%), mainly due to a plunge in unwrought gold, silver, and platinum group metals (-40.0%).

The yield on the 10-year US Treasury note was at 5.26% on Tuesday, pausing a surge that peaked at a 24-year high of 5.33% touched yesterday, tracking the momentary dip in wholesale fuel prices. Oil bids were tamed by signs that some laden tankers passed through the Strait of Hormuz. The 10-year yield has surged over 110bps this year as risks of higher rates from the Federal Reserve, soaring federal deficit spending, and increasing corporate debt supply triggered a plunge in demand for duration. The price gauge in the ISM Services PMI surged to a four-year high, consolidating expectations that the Fed will deliver another rate hike this year. Meanwhile, a widening budget deficit raised the outlook for the supply of Treasury securities despite the Treasury's preference to service its increasing debt with coupon-less bills. The latest figures from the CBO showed net public debt rising from 101% of GDP this year to over 175% by 2056, assuming a 10-year yield below 4.5%.

The US Logistics Managers’ Index increased to 70.2 in September 2026 from 66.6 in August. It is the second-highest reading in four years, behind only June’s reading of 71.1. A faster increase was seen for Inventory Levels (58.9 vs 52.8) and Inventory Costs (79.9 vs 78.6) which is also having a significant effect on the warehousing market. Warehousing Capacity shrank the most since March 2022 (39.3 vs 53.5), potentially due to the fact that firms, particularly retailers, had run inventory down a bit and are not rushing goods in now ahead of potential holiday sales. The reduction in available storage capacity has boosted Warehousing Utilization (64.3 vs 59.6) and is likely behind the consistently robust expansion of Warehousing Prices (73.5 vs 75). There are similar dynamics in Transportation Capacity (34.4 vs 40) while Transportation Utilization continues expanding but at a slower rate (66.1 vs 70.6). Finally, Transportation Prices continue to surge (92.7 vs 90).

Retail sales volumes in the Eurozone inched higher by 0.1% from the previous month in August of 2026, loosely aligned with market expectations of a 0.2% increase and trimming the 0.6% drop in July, which was the sharpest decline in over one year. Sales were sharply higher for core non-food products (0.5% vs -1.2% in July) to reflect some fresh resilience to higher borrowing costs and prices, while food, drinks, and tobacco sales also inched up (0.1% vs -0.1%). In turn, automotive fuel sales volumes plunged 1.9%, extending the 0.2% drop in the earlier period as the surge in fuel prices drove consumers to cut back on tank refills. From the previous year, Eurozone retail sales jumped by 0.8%, rebounding from the two-year low increase of 0.4% in July.