Market Information Monday 28 September 2026

China’s industrial profit growth slowed to 4.2% year on year in August, marking a fourth consecutive month of deceleration as weak consumer demand and higher energy costs weighed on manufacturers. Profits rose 15.7% in the first eight months of 2026, down from 17.6% through July, highlighting a widening gap between strong technology sectors and weaker consumer industries. The data reinforce expectations of further policy support as economic growth and manufacturing activity lose momentum.

Oil prices rebounded above $107 a barrel after the US rejected Iran’s seven day truce proposal, renewing concerns over supply disruptions through the Strait of Hormuz. The move lifted bond yields and intensified inflation fears, with markets assigning a more than 65% probability of another US rate increase.

Swiss lawmakers have backed tougher capital rules for UBS, the country’s largest bank, requiring 90% of foreign subsidiary exposure to be covered by CET1 capital and potentially adding $16bn of extra buffers. The proposal could raise total additional capital requirements since the 2023 rescue of Credit Suisse to $33bn, limiting scope for shareholder distributions. Investors remain focused on the impact on profitability, capital returns and the bank’s competitive position.

The 6M Euribor is unchanged at 3.01% compared to previous business day. The 10Y Swap increased with 3 basis points to 3.67% compared to previous business day.

In the attachment, today’s market data on money and capital market rates as well as other rates are presented.