Summary · why it matters
US stock markets closed mixed, with the Dow Jones Industrial Average ending at 50,906.05 points, down 443.87 points or 0.86%, and the S&P 500 closing at 7,651.54 points, down 19.30 points or 0.25%, pressured by elevated oil prices and bond yields. The Nasdaq closed at 26,861.06 points, up 63.52 points or 0.24%, supported by buying in technology stocks. Headline PCE for August rose 3.4% year on year, below market expectations of 3.7%, while Core PCE rose 3.0% year on year, below expectations of 3.3%. The yield on 10-year US Treasury bonds rose above 5.3% and the 30-year yield above 5.6%. Investors are therefore watching September Nonfarm Payrolls, which the market expects to rise by 98,000 positions, compared with 162,000 in August, with the unemployment rate forecast at 4.1%. In European markets, the STOXX Europe 600 closed at 634.89 points, down 3.19 points or 0.50%, with bank stocks down 0.8% and insurance stocks down 1.4%. The DAX closed at 25,199.19 points, down 200.02 points or 0.79%, and the CAC 40 closed at 7,964.51 points, down 71.36 points or 0.89%, while the FTSE 100 closed at 10,606.00 points, down 30.71 points or 0.29%. In Asian markets, the Nikkei 225 opened at 67,106.52 points, up 352.80 points or 0.53%, boosted by buying in large technology stocks, while the KOSPI fell 0.8% and the S&P/ASX 200 dropped 1.09%. The Shanghai Composite and the Hang Seng Index were closed for China's National Day holiday. Thailand's stock market is expected to trade in a volatile and consolidating range, with sentiment pressured by surging US bond yields and concerns over continued foreign fund outflows. The stock to watch today is THAI, after the cancellation or rescheduling of domestic and international flights between October 1 and 3, 2026, along with efforts to clear backlogged baggage at Suvarnabhumi Airport, which could weigh on confidence and the company's short-term operations.
Thai Airways International Public Company Limited