Daily Market Report of Currency, Equity, Commodity and Bonds
Report for Thursday, 10 September 2026
Headlines
- Asian stocks wilt as Brent holds above $100, yields near 2023 peak
- Gold edges higher on weaker dollar, US inflation data in focus
- Oil pushes past $100 as wave of US-Iran attacks exposes dwindling safety net
- Rupee’s oil-fuelled slide to persist, RBI support seen offering limited relief
- Global Cues Signal Muted Start for Indian Markets as Brent Crude Tops $101
- Dollar, euro little changed, yen extends rally ahead of Fed, ECB, and BoJ meetings
Currency Market
Indian Rupee
The Indian rupee faces another day of pressure from rising oil prices, with the central bank’s support likely to temper rather than reverse the currency’s decline.
The rupee is expected to open in the 95.15-95.20 range, per traders, having settled at 95.1050 to the dollar on Wednesday.
Other Currencies
The U.S. dollar made small moves on Wednesday, as the focus remained on the Japanese yen amid its massive rally. Currency market participants were gearing up for a crucial week ahead that will see interest rate decisions from the Federal Reserve, the Bank of Japan, and the European Central Bank.
The U.S. dollar index, which tracks the greenback against a basket of six major peers, was up 0.1% to 98.83.
Equity Market
Indian Equity
Asian stocks slid on Thursday as the biggest wave of attacks on shipping in the widening war in the Middle East kept oil prices above $100 a barrel, leaving investors nervous ahead of U.S. inflation data that will influence monetary policy.
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1%. Japan’s Nikkei and South Korea’s KOSPI dipped more than 1%.
The euro was little changed at $1.16322 ahead of the European Central Bank policy decision where it is expected to raise rates.
Other Equity
Indian benchmark indices are likely to open flat with a negative bias on September 10, tracking GIFT Nifty, which was trading lower at around 23,462.50 in early trade.
At close, the Sensex was down 813.35 points or 1.08 percent at 74,764.23, and the Nifty was down 203.60 points or 0.86 percent at 23,431.50, a three-month low.
Commodity Market
Oil
Oil prices topped $100 a barrel on Wednesday for the first time in six weeks as an escalation in fighting by U.S. and Iranian forces deepened concerns over supply from the region and raised fears of inflationary pressures and higher energy costs for consumers and businesses.
Gold
Gold inched higher on Thursday, helped by a softer dollar, while market participants awaited key U.S. inflation data that could shape the Federal Reserve’s interest-rate path.
Spot gold was up 0.3% at $4,412.84 per ounce, as of 0234 GMT. U.S. gold futures for December delivery fell 0.1% to $4,457.10.
Economic Calendar
| Thursday, September 10, 2026 (9:15 AM) | ||||
| Time | Currency | Event | Previous | Consensus |
| 15:30 | US | OPEC Monthly Report | ||
| 17:45 | EU | Deposit Facility Rate (Sep) | 2.25% | 2.50% |
| 17:45 | EU | ECB Interest Rate Decision (Sep) | 2.40% | 2.65% |
| 17:45 | EU | ECB Marginal Lending Facility | 2.65% | |
| 17:45 | EU | ECB Monetary Policy Statement | ||
| 18:00 | US | PPI (MoM) (Aug) | 0.00% | 0.40% |
| 18:00 | US | Initial Jobless Claims | 206K | 205K |
| 18:00 | US | Core PPI (MoM) (Aug) | 0.20% | 0.30% |
| 18:00 | US | Continuing Jobless Claims | 1,779K | 1,780K |
| 18:15 | EU | ECB Press Conference | ||
| 19:30 | US | Existing Home Sales (Aug) | 4.06M | 3.98M |
| 19:30 | US | Existing Home Sales (MoM) (Aug) | -1.70% | |
| 21:00 | US | Atlanta Fed GDPNow (Q3) | 4.70% | 4.70% |
| 21:30 | US | Crude Oil Inventories | -4.450M | |
| 21:30 | US | Cushing Crude Oil Inventories | 0.080M | |
| 22:31 | US | 30-Year Bond Auction | 5.22% | |
Disclaimer: All information in this report is collected from various sites on the internet. Although we have taken all precautions for the correct representation of data, we do not take any responsibility for any errors and omissions. The technical analysis and views expressed are the author’s views. We are not responsible for any losses on account of following the same.
Sources
Prepared by
Aakanksha Singh
(Research Analyst)