UBP says bull market broadens as inflation risks keep Fed hike on table

Bitget2026/10/12 14:14

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Union Bancaire Privée flagged broadening equity leadership as equal-weighted S&P 500 rose 1.6% last week, beating Nasdaq 100 at 0.3%.
It kept a constructive equity stance, with a modest bias toward the US, Japan, and global technology, ahead of Q3 earnings.
Inflation risks stayed in focus as ISM services prices-paid jumped to 74, the highest since July 2022, ahead of September CPI.
Fed minutes showed unanimous support for September’s hike to 3.75%-4.00%, with markets pricing a 25-bp move in December.
French 10-year OAT yields hovered near 4.9%, with the OAT-Bund spread at 140 bps; the ECB signaled no intervention.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Union Bancaire Privee UBP SA published the original content used to generate this news brief on October 12, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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UBP says bull market broadens as inflation risks keep Fed hike on table

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