MARKETS & MATERIALS
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Top 25 issuers by reported market capitalization in The Weekly 250. Prices: 2 Oct 2026 close. Changes: versus 2026-09-25; not live.

THE GLOBAL FINANCIAL WEEKLYSeptember 28–October 4, 2026Vol. 01 · No. 001
THE WORLD AT A GLANCE

World markets

Reference snapshot

Financial centers · Natural Earth

S&P 5007,722.72

index points ·

EUR / USD 1.12045 Oct 2026 · USD per EUR

Dated observations · not live quotes
How to read this map

Currency cross-rates show local-currency units per U.S. dollar, calculated from the same ECB euro reference snapshot. The U.S. card leads with a dated S&P500 index close and shows USD per EUR beneath. Pins locate financial centers; currency references are not exchange-specific prices.

Choose a region with the arrow keys, then use the Market selector. Policy settings and equity-index levels retain their own dates. Shading shows the selected region, not market performance.

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JOBS • PRICES • CENTRAL BANKS

Economy & Policy

The week in reporting and analysis. September 28–October 4, 2026.

Labor Markets, Consumer Balance Sheets & Demographics

U.S. payroll growth after revisions

Thousands of jobs

-1061.5133-10July133August29September
BLS October 2 vintage; July and August revised, September preliminary. Seasonally adjusted monthly nonfarm payroll changes.

Sources: [1] BLS September Employment Situation · 2026-10-02

Hiring Slows, While Household Spending Outruns Income

September payroll growth was modest and prior months were revised lower; the latest consumption figures describe a consumer still spending, but with less monthly saving.

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Inflation Tracker

U.S. August inflation: different baskets

% year over year

01.73.43.4CPI headline2.4CPI ex food &energy3.4PCE headline3PCE ex food &energy
Same August 2026 reference month. CPI released Sep 11; PCE released Sep 30. The baskets and methods differ.

Sources: [1] BEA Personal Income and Outlays, August 2026 · 2026-09-30; [3] BLS CPI, August 2026 · 2026-09-11

Energy Keeps the Inflation Fight Unfinished

August U.S. PCE prices and September euro-area estimates show different measures, but a common problem: headline pressure remains above central-bank goals.

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U.S. Federal Reserve

Federal Reserve headquarters, Washington, D.C.
Archival context · Federal Reserve headquarters, Washington, D.C. · 2004-09-05. Dan Smith (Rdsmith4) / Wikimedia Commons; perspective and brightness edit by Dontworry. Image source · Usage terms. Display cropped to fit. Full credits.

A Slower Jobs Report Meets a Fed Still Focused on Prices

The week brought new employment evidence after a September rate increase, while the central bank’s projections continue to distinguish a conditional outlook from a commitment.

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Non-U.S. Central Banking

Selected policy settings at issue cutoff

% nominal annual rate

01.883.752.5ECB deposit1.25BoJ call target3.75BoE Bank Rate0SNB policy
Different instruments, not a ranking of policy restraint. Decisions Sep 10, Sep 18, Sep 17 and Sep 24 respectively; BoJ effective Sep 24; ECB effective Sep 16.

Sources: [3] BoJ money-market guideline decision · 2026-09-18; [4] BoE September MPC summary and minutes · 2026-09-17; [5] SNB September monetary-policy assessment · 2026-09-24; [6] ECB September monetary-policy decision · 2026-09-10

Central Banks Adjust the Plumbing as Rates Stay in Focus

ECB collateral changes and new Bank of Japan meeting opinions show why implementation details deserve a place beside headline policy rates.

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Monetary Policies

RBA September 29 decision

% cash-rate target

02.34.64.35Previous target4.6New target
A 25-basis-point increase, announced September 29, 2026. The bar chart displays levels, not the percentage change in the rate.

Sources: [1] RBA September 29 monetary-policy decision · 2026-09-29

Australia Raises Rates as the Global Policy Map Diverges

The RBA’s September 29 increase highlights renewed inflation pressure; exchange-rate and interest-rate systems still require different measures of policy.

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