Market Brief — September 11, 2026

U.S. indices advanced after the August CPI release, with DJIA up 1.0%, SPX up 0.9%, and ^IXIC up 1.0%. European benchmarks also closed higher, with DAX up 0.8%, FRA40 up 0.8%, and UKX up 0.4%. In Asia, index 000001.SS was unchanged on the day (0.0%), with reported volume around 2.1 billion shares.

August U.S. CPI printed at 0.4% month-on-month and 3.4% year-on-year, with core CPI up 0.3% m/m and 2.4% y/y as gasoline prices rose 3.9% and wireless telephone services climbed 5.9%, pushing federal-funds futures to price roughly a 90% chance of a September Fed hike and to fully price two hikes by year-end, while 2-year and 10-year Treasury yields traded around 4.65% and 4.97%. The global bond selloff extended as oil above $100 and inflation worries lifted Australia's 3-year yield by 18 basis points to 5.047% and Japan's 10-year to about 2.97%, and the U.S. Treasury bought back $5.2 billion of bonds, below the $6 billion cap and about half of the $10.5 billion offered. Elsewhere, the Bank of Russia held its key rate at 14% in its first pause in about 15 months, UK GDP grew 0.4% m/m in July led by services and AI-linked computer programming, and investors looked to the preliminary Michigan consumer sentiment reading for September, forecast at 51.5 versus 51.7 previously.

Oil-supply risk dominated headlines, as Saudi Arabia's Energy Ministry shut the 7 million bpd East–West Petroline after attacks on pumping stations, Ukraine reported strikes and fires at Rosneft's Saratov refinery with 7 million tons of annual capacity, and satellite data showed Iran's exports falling from 1.85 million bpd in spring to about 255,000 bpd in August while non-Iranian Gulf exports rose to 8.4 million bpd and alternative routes lifted regional flows to around 10.8 million bpd. In equity and credit markets, China AI-chipmaker Enflame raised 6.12 billion yuan in a Shanghai STAR Market IPO at 142.18 yuan per share before the stock settled near 430 yuan on debut for an implied market value near 185 billion yuan, while Tencent (0700.HK) retained a 17.95% stake. U.S. convertible-bond issuance was reported at $131 billion year-to-date by Bloomberg and $135 billion by Goldman Sachs, including about $25 billion in August with just under half of supply from AI-linked issuers, and BRICS finance chiefs issued a joint call for IMF and World Bank reform, higher emerging-market quotas and greater use of local currencies and cross-border payment systems. Truecaller completed the acquisition of TextPlus Inc., and Lilly completed its acquisition of AtaiBeckley to advance therapies for treatment-resistant depression and other mental-health conditions. OLIN and HUNTSMAN reported expiration of the Hart-Scott-Rodino waiting period for their proposed merger, while Hypercharge entered a letter of intent to acquire REVS Charging LLC. Planetcast announced it would acquire BroadStream, adding integrated playout and accessibility products to its global media services.