Arkéa AM sees micro optimism lifting equities as inflation risk keeps bonds under pressure
SPY•Arkéa Asset Management said micro-level optimism supported equities as Wall Street hit fresh records, while persistent inflation risk pressured government bonds. France’s OAT stood at 4.85% and the US 10-year yield at 5.24%.
1. Equities and bonds
Arkéa Asset Management flagged micro-level optimism as a key support for equities, with Wall Street hitting fresh records. Persistent inflation risk kept government bonds under pressure, with France’s OAT at 4.85% and the US 10-year at 5.24%.
2. Economic data and oil
Brent briefly rose above $104 a barrel before easing toward $102 as Middle East tensions kept oil volatile. US payrolls increased by 29,000 while services PMI reached 58.8 in September; the euro zone composite PMI was 53.1. The dollar extended its longest weekly rise since early 2025.
