Higher Oil Inflation & Yields Sink Stocks

MPC Markets Morning Call · Sep 10, 2026 · 11m

Higher Oil, Inflation & Yields Sink Stocks — Four straight sessions of losses on Wall Street as WTI crude tops $103, August PPI runs hot at 5.4% Y/Y, and the ECB hikes rates to 2.5%. The 10-year Treasury yield hit 4.96% with Fed rate hike odds now at 73% ahead of next week's FOMC. The Strait of Hormuz remains effectively closed. Oracle rallies 6.6% after hours on a Q1 beat. ASX 200 futures point to another weak open after yesterday's 1.2% drop. Plus: Bessent's "I am the house now" moment, Trump's $1.2 trillion dividend proposal, and why every major index except the Nikkei is flashing sell…