Elmar Voelker, senior fixed-income analyst at Landesbank Baden-Württemberg, said a spiral rise in bond yields is becoming increasingly tied to ECB monetary-policy considerations. He said the resulting tightening in financing conditions has effectively produced a monetary-tightening effect, which argues against a hasty further increase in key rates. However, he added that staff forecasts updated after last week’s September meeting suggest the ECB Governing Council is inclined to tighten further u

China A-share tourism and hotel sector rallied intraday; Guilin Tourism hit limit-up, while Tianmuhu, Huatian Hotel, Junting Hotel, Zhangjiajie and Western Region Tourism also climbed.

Abu Dhabi Crown Prince met Iranian President Pezeshkian during the BRICS summit as talks to resolve the Strait of Hormuz stalemate picked up. Iran is promoting an agreement it says could allow more vessels to transit the Strait — a key global energy export chokepoint — and will brief Gulf states on Monday; Tehran said any accord would not equal a full reopening and that Iran would have a say over which ships may pass. Oman is seeking to convene the GCC with Iran to discuss the route, but the meeting is unconfirmed and Bahrain has ruled out attending, citing recent Iran-backed attacks on Gulf targets. State news agency WAM reported the Crown Prince and Pezeshkian stressed de‑escalation and measures to strengthen regional stability.