What are today's top business/market headlines?

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Top Business / Market Headlines — Monday, September 28, 2026:

U.S. Markets & Futures Under Pressure:

•Futures on Wall Street began trading on Sunday evening with losses after US President Donald Trump rejected Iran's latest proposal to re-open the Strait of Hormuz. The Dow futures were down over 160 points while the S&P 500 futures declined 25 points and Nasdaq futures down 100 points.

•In Asia pre-market, S&P 500 futures fell 0.3%, while Nasdaq futures shed 0.5%. The Dow had managed a 0.3% weekly gain after three weeks of losses, having gained nearly 500 points last Friday. For the week ending Sept 25, the S&P 500 rose 1.21%, Nasdaq Composite led gains with 2.06%, Dow added 0.3%.

•Share markets were mostly lower on Monday as oil prices popped higher again amid doubts the US and Iran will reach a truce. Japan's Nikkei went flat, while South Korean market slid 2.4%. Chinese blue chips slid 1.4%, and are down more than 5% for the month. MSCI Asia-Pacific ex-Japan eased 0.6%.

Oil & Geopolitics Driving Markets:

•Oil prices climbed more than 1% on Monday with Brent crude futures last above $106 a barrel, after US President Donald Trump rejected a peace deal with Iran. Brent futures rose 2.1% to $106.49 bringing gains so far this month to almost 18%, while US crude added 1.5% to $93.84. Earlier report: Brent rising as much as 2% to $106.29, WTI towards $94. On Friday, oil had fallen on more conciliatory headlines, with WTI down -0.4% to US$92.4/bbl.

•Trump said talks would continue this week. WSJ reported Trump expects bombing campaign to resume after midterms in November.

Dollar & Rates / Fed Hawkishness:

•The dollar inched higher to hold near a two-month high on Monday, as US-Iran standoff pushed up oil. The dollar index was a touch higher at 101.15 and on track for 1.7% gain in September, its best month since June.

•Markets are seeing a 65% chance of a rate hike from the Fed when central bank meets end of October. Markets now imply a 66% chance the Federal Reserve will hike for a second straight meeting in October.

•Treasury yields elevated: 10-year briefly reaching 5.225% before easing to close around 5.17%, while 30-year nudged up to 5.5185%, near highest since 2004. On Friday, US 10y yield eased -1.54bp to 5.16%.

•University of Michigan consumer sentiment lifted from 47.8 to 48.1 in September, beating expectations.

Week Ahead - Data Heavy & Q3 Close:

•Critical slate marking close of Q3 on Sept 30: August Personal Income and Outlays featuring PCE price index, third estimate of Q2 real GDP, JOLTS, ADP employment, Chicago PMI, and September Nonfarm Payrolls. Key September payrolls report Friday forecast to show gain of 85,000. Fed speakers this week include Chicago Fed President Austan Goolsbee and NY Fed John Williams Tuesday, Dallas Fed Lorie Logan Friday.

Trade & Global Economy:

•US and China agreed to extend their trade truce by two months through January 10, avoiding immediate escalation. The trade truce now runs to Jan. 10.

•China's industrial profit growth slowed further in August - profits rose 4.2% y/y in August, down from 11.2% in July.

•Reserve Bank of Australia likely to hike on Tuesday - expected to raise interest rates by 25 basis points to 4.60%, with RBA likely next to tighten.

India — BL Morning Report Top Headlines:

•Govt orders 112 captive coal-fired power plants to operate at maximum capacity Oct 1 - Dec 31 on expected rise in electricity demand.

•Uttar Pradesh seeking Centre's support for commercial semiconductor fab in Jewar region.

•Ather Energy said EV 2W industry is now established and can do without subsidies such as PM E-DRIVE.

•Central Consumer Protection Authority has imposed penalties of ₹10 lakh each on Amazon and Flipkart, and ₹5 lakh on JioMart for selling unregistered 'Cyclosinone Herbicide'.

India Markets Snapshot (from BL): SENSEX 73,895.74 +315.20, NIFTY 23,140.50 +77.40, Crude Oil 8,847.00 -320.00, Gold 150,750.00 +40.00.

Citations (7)

17globe.inNot yet classified
Dow futures fall close to 200 points, oil prices rise as Trump rejects Iran proposal | Latest News Updates | 7Globe
Backs: “Top Business / Market Headlines — Monday, September 28, 2026: U.S. Markets & Futures Under Pressure: Futures on Wall Street began trading on Sunday evening with losses after US President Donald Trump rejected Iran's latest proposal to re-open the Strait of Hormuz.”
2superhits979.comNot yet classified
Stocks slip in Asia as oil climbs, bonds retreat
Backs: “The Dow futures were down over 160 points while the S&P 500 futures declined 25 points and Nasdaq futures down 100 points. In Asia pre-market, S&P 500 futures fell 0.3%, while Nasdaq futures shed 0.5%.”
3tradingkey.comData and tools
TradingKey Wall Street Weekly Report:S&P 500 and Nasdaq Close Higher, AI Chip Stocks Lead, Treasury Yields Near 5.2% High, Oil Falls Below $98
Backs: “The Dow had managed a 0.3% weekly gain after three weeks of losses, having gained nearly 500 points last Friday. For the week ending Sept 25, the S&P 500 rose 1.21%, Nasdaq Composite led gains with 2.06%, Dow added 0.3%.”
4q1019fm.comNot yet classified
Dollar firms as US-Iran tensions lift oil, hawkish Fed bets build
Backs: “MSCI Asia-Pacific ex-Japan eased 0.6%. Oil & Geopolitics Driving Markets: Oil prices climbed more than 1% on Monday with Brent crude futures last above $106 a barrel, after US President Donald Trump rejected a peace deal with Iran.”
5fnarena.comNot yet classified
The Monday Report - 28 September 2026 - FNArena.com
Backs: “Earlier report: Brent rising as much as 2% to $106.29, WTI towards $94. On Friday, oil had fallen on more conciliatory headlines, with WTI down -0.4% to US$92.4/bbl.”
6superhits979.comNot yet classified
China’s industrial profit growth slows further as economic imbalances deepen
Backs: “US and China agreed to extend their trade truce by two months through January 10, avoiding immediate escalation. The trade truce now runs to Jan.”
7thehindubusinessline.comNews and mediaquality 0.72
Top Business & Market Headlines Today — BL Morning Report, September 28, 2026
Backs: “Reserve Bank of Australia likely to hike on Tuesday - expected to raise interest rates by 25 basis points to 4.60%, with RBA likely next to tighten. India — BL Morning Report Top Headlines: Govt orders 112 captive coal-fired power plants to operate at maximum capacity Oct 1 - Dec 31 on expected rise in electricity…”