Economy news · 1 October 2026
UK 30-year gilt yield hits 6%, highest since 1998, as bond rout grips G7
Britain became the first G7 economy since Italy in 2012 to pay a 30-year borrowing rate above 6%, as a global bond sell-off and spiking oil prices rattled markets.
Accenture shares surge 16% as AI bookings nearly double
Consulting giant Accenture beat Wall Street estimates with $18.68 billion in quarterly revenue, as advanced AI bookings almost doubled to $2.2 billion.
France unveils €54 billion austerity budget as deficit battle intensifies
Prime Minister Sébastien Lecornu presented a belt-tightening 2027 budget with frozen public wages and pension curbs to shrink the deficit to 5% of GDP.
South Korea posts record $120.9 billion export month on AI chip boom
Seoul reported its largest monthly exports ever, driven by a 263% jump in semiconductor shipments to a record $60.3 billion.
Eurozone inflation surges past 3.8% as energy bills bite
Flash September inflation jumped across Germany, France and Italy, pushing the eurozone rate to 3.8% and piling pressure on the ECB.
Nike warns of deeper slide in China as quarterly revenue misses
Nike's Q1 FY2027 revenue of $11.21 billion missed estimates and shares fell after hours, as Greater China sales plunged 26%.
Boeing avoids strike as engineers approve new four-year contract
SPEEA members ratified new four-year deals with a 10% ratification raise, keeping Boeing's engineers at work on the 777-9 and 737 MAX 10.
Japan's Nikkei jumps 3.3% as Tankan hits eight-year high
Tokyo stocks rallied on AI-chip optimism and the strongest manufacturer confidence reading since 2018, pointing to further Bank of Japan rate hikes.
Brent oil tops $100 as Iran conflict chokes global supply
Brent crude climbed to $103.86 a barrel amid the ongoing U.S.–Iran war and a naval blockade that has halted more than 10 million barrels a day of shipments.
Indian stocks extend record losing streak to eight weeks on $3.7bn outflow
Indian equities fell for an eighth straight week, their longest losing run in 25 years, as foreign investors pulled 360 billion rupees from the market in September.