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Gate data shows USD/CNH at 6.7076 as gold, European equities edge higher
U.S. crude and Brent both drop about $1 in a short-term move
WTI and Brent crude both rise more than 2% intraday
Gate data shows WTI and Brent crude both up more than 2% intraday
Policy Regula
2026-09-28 05:03:00

US Treasury yields hold above 5.2% as markets turn to OpenAI DevDay, Micron earnings and a new US-China trade consensus

Global markets opened the week with long-end US Treasury yields near multi-year highs, gold falling below $4,200, and crude regaining geopolitical premium after Donald Trump rejected an Iranian ceasefire proposal. At the same time, the eighth round of US-China trade talks produced an eight-point consensus, including a framework for reciprocal tariff cuts and a new AI dialogue mechanism, giving risk assets some support. AI remained the dominant equity theme. Semiconductor shares extended their rally, Meta-related demand expectations helped lift chipmakers, and investors continued to focus on the scale and economics of the industry’s infrastructure buildout. Elon Musk said SpaceXAI’s Colossus 2 data center has deployed roughly 550,000 GPUs, while Goldman Sachs estimated that six major companies would need to generate about $1.42 trillion in combined revenue between 2028 and 2030 to earn a 15% annualized return on the current AI compute investment cycle. This week’s calendar is packed. OpenAI’s DevDay in San Francisco, Micron’s fiscal Q4 report, comments from Federal Reserve officials, the Reserve Bank of Australia’s rate decision, and Friday’s US nonfarm payrolls are all on deck. Markets are also watching developments in the Middle East, movements in diesel and oil prices, and the implementation details of the latest US-China trade arrangements.

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US Treasury yields hold above 5.2% as markets turn to OpenAI DevDay, Micron earnings and a new US-China trade consensus
Bitcoin, Nasdaq Futures Slip After Trump Leaves Door Open to More Iran Strikes
Gold and silver fall in tandem as USD/CNH and USD/JPY edge higher