Bond yields and oil surge keep Wall Street and London stocks under pressure after Brent crude's jump past $105

From the Newshound archive · first published 9 October 2026.

Rising oil prices and elevated bond yields continued to unsettle global markets on Friday, with London's FTSE 100 and Wall Street both under pressure as Brent crude's leap past $105 a barrel deepened inflation fears. The US 10-year Treasury yield remained stretched at 5.34%, compounding the drag on equities, while Tesco stood out as a rare bright spot among blue-chip stocks. Analyst Kathleen Brooks at XTB cautioned that geopolitics, politics and earnings risks were all "colliding" to keep sentiment fragile.

Bond yields held near multi-year highs and technology stocks fell sharply on Wall Street, with investors fretting that elevated energy and borrowing costs will squeeze corporate margins.

Tropical storm Isaias is shutting down Gulf of Mexico production, with Chevron and Shell cutting offshore output, adding further upward pressure on already-strained oil supply.

Energy costs could reportedly spike a further 25-30% for UK households in January, raising fresh cost-of-living alarm at the worst possible moment.