Sector Update: Financial Stocks Edge Higher Premarket Tuesday

MT newswire2026/09/22 13:20

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09:20 AM EDT, 09/22/2026 (MT Newswires) -- Financial stocks were edging higher premarket Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.3%. The Direxion Daily Financial Bull 3X Shares (FAS) was up 0.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 0.4% lower. Tradeweb Markets (TW) shares were up more than 5% after the company said it upgraded its Ai-Price bond pricing engine with "expanded data inputs" and "more real-time, intraday-responsive pricing" for US corporate bonds. UBS Group (UBS) is calling for better capital rules, noting that the proposal for it to back foreign units with a 90% common equity tier 1 capital is "de facto the same" as the Swiss government's suggested 100% CET1 capital, according to a FactSet transcript of remarks from UBS Chief Executive Sergio Ermotti at an event. UBS Group stock was down more than 1% pre-bell. Blackstone's (BX) non-binding proposal to acquire IDP Education for 2.5 Australian dollar per share ($1.78) has been rejected, the ASX-listed company said. Blackstone shares were 0.2% higher premarket.

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Goldman Sachs believes that the rapid rise in real interest rates has exerted more direct pressure on the US stock market, with rate-sensitive sectors such as small-cap and financial stocks being particularly affected. On the liquidity front, Goldman Sachs estimates that pension funds may sell around $3.3 billions in equities at the end of the month and quarter, and that CTAs may sell about $530 million worth of Russell 2000 index futures in the coming week. For the market, unless the issues of oil and interest rates are resolved, the AI narrative is "almost irrelevant."

华尔街见闻•2026/09/30 04:01

USD/JPY falls below 157! The yen becomes the strongest G-10 currency, with the market betting on another rate hike by the central bank next month.

On Wednesday, the yen strengthened against the US dollar, with the USD/JPY rate falling below the 157 mark, as repeated warnings from the Japanese government regarding exchange rates and end-of-quarter capital flows provided support for the yen.

智通财经•2026/09/30 03:41