Bitget UEX Daily｜Wall Street Reverses Higher; Brent Reclaims $100; Bitcoin Rebounds to $84.5K (October 2, 2026)

1. Top Stories

Federal Reserve

Fed officials signal patience, reducing expectations for an October rate hike

Federal Reserve Vice Chair Philip Jefferson said policymakers could take more time to evaluate incoming economic data before deciding on the next interest-rate move. Evercore ISI interpreted the recent comments from Jefferson and New York Fed President John Williams as a signal that the Fed is unlikely to deliver another hike immediately in October.

Market-implied odds of an October rate increase fell to 28.2%, from 68.6% a week earlier. Jefferson nevertheless said rates could still move higher if economic growth remains unusually resilient and inflation proves more persistent than expected.

International Commodities

Brent returns above $100 after Chinese refiners suspend October fuel exports

Chinese refiners suspended October exports of refined petroleum products outside Hong Kong and Macau after receiving no new export authorization, according to Reuters. Some planned gasoline and jet-fuel cargoes were reportedly canceled.

Brent rose 2.75% to approximately $100.73 per barrel, while WTI gained 0.98% to $91.31. The move adds to inflation concerns because global diesel supplies were already constrained by Russian export restrictions and Middle East disruptions.

Macro Economy

U.S. layoffs remain low while manufacturing cost pressures build

Initial U.S. jobless claims declined to 197,000, below the 200,000 consensus estimate. Announced layoffs fell 18% in September to 43,281. The ISM manufacturing PMI stood at 54.5, indicating continued expansion, although input prices remained elevated.

The combination of resilient employment and rising production costs leaves the Fed facing conflicting signals. The September payroll report due later today will be the next major test for interest-rate expectations.

2. Market Review

Commodities and FX

• Spot gold: approximately $4,175.80/oz, +0.43%

• Spot silver: approximately $61.28/oz, +1.45%

• WTI crude: approximately $91.31/bbl, +0.98%

• Brent crude: approximately $100.73/bbl, +2.75%

• U.S. Dollar Index: approximately 101.81

Oil was the main cross-asset driver. The suspension of Chinese fuel exports strengthened expectations for tighter refined-product supplies and pushed Brent back above $100. Gold and silver recovered after softer U.S. inflation reduced near-term rate-hike expectations, but a strong dollar and elevated Treasury yields capped the gains.

Cryptocurrency Market

• BTC: $84,564.38, +1.29% over 24 hours

• ETH: $2,692.87, +0.68%

• Total crypto market capitalization: $2.99 trillion, +0.97%

• Total 24-hour volume: $98.382 billion

• BTC dominance: 57.05%

• 24-hour liquidations: no valid verifiable figure available

• BTC liquidation heatmap: no reliable zone available

• U.S. spot BTC ETFs: $148.7 million net outflow on September 30; October 1 data remain incomplete

Bitcoin outperformed both Ether and the broader market, with $32.33 billion in 24-hour volume. BTC remained roughly $660 below its 24-hour high of $85,224, meaning that a verified breakout had not yet occurred. The observable 24-hour range places $83,133 and $85,224 as the immediate lower and upper reference levels.

Strategy recently purchased 1,665 BTC for approximately $143 million, implying an average price near $85,886. However, the latest completed ETF session showed a net outflow. The evidence therefore points to one confirmed large corporate buyer, not a broad, uniform accumulation signal across institutional channels.

U.S. Equity Indices

• Dow Jones Industrial Average: 50,935.89, +0.06%

• S&P 500: 7,668.82, +0.23%

• Nasdaq Composite: 26,871.60, +0.07%

U.S. equities reversed earlier losses as Treasury yields retreated from their intraday highs. Gains remained modest and were concentrated in energy, software and selected semiconductor stocks.

Magnificent Seven

• Nvidia: $230.72, +1.02%

• Apple: $330.26, -0.83%

• Microsoft: $512.49, -0.08%

• Alphabet: $338.22, -1.70%

• Amazon: $248.12, -0.41%

• Meta: $725.41, +0.03%

• Tesla: $354.10, -0.20%

Performance remained divided. Nvidia benefited from continued evidence of strong AI-infrastructure and memory demand, while Alphabet posted the largest decline in the group. With bond yields elevated, investors favored companies with visible orders and earnings catalysts rather than buying the technology sector indiscriminately.

Sector Moves

Energy: The S&P 500 energy sector gained nearly 2% as Brent returned above $100 and the fuel-supply outlook tightened.

Software and IT services: Accenture's results lifted related stocks by easing concerns that generative AI would simply replace external consulting work.

Semiconductors: Micron's outlook supported memory-chip shares, although the relatively restrained stock reaction showed that investor expectations for AI-related earnings have risen substantially.

3. U.S. Stock Deep Dives

1. Accenture — Earnings ease fears of AI disruption

Accenture closed 16.01% higher at $212.73. Fiscal fourth-quarter revenue reached $18.68 billion, earnings were $3.29 per share, and bookings increased 4% to $22.17 billion. The company forecast fiscal 2027 revenue growth of 3% to 6% and plans to spend roughly $5 billion on acquisitions.

The results suggest that corporate AI adoption is still creating demand for outside partners in automation, data infrastructure and deployment. The main question is whether Accenture can convert AI productivity gains into stable contract values and margins.

2. Micron — Strong AI demand meets a higher valuation bar

Micron gained 3.05% to $1,098.19. It forecast $61.5 billion of next-quarter revenue, above the $57.02 billion analyst estimate. Financial commitments under long-term customer agreements increased from $22 billion in June to $32 billion, while remaining performance obligations rose to approximately $150 billion.

The commitments confirm strong demand for high-bandwidth memory. Investors, however, are increasingly focused on margins, capital expenditure and whether tight supply conditions can last through the arrival of new capacity in 2027.

3. Constellation Energy — Amazon signs a 20-year nuclear-power agreement

Constellation Energy gained 1.96% to $258.99. The company signed a 20-year power-purchase agreement with Amazon supporting expansion and upgrades at Maryland's Calvert Cliffs nuclear plant, including 190 megawatts of additional capacity.

Long-duration agreements with large technology companies can improve cash-flow visibility for nuclear assets. The next variables are regulatory approvals, construction costs and whether additional hyperscalers sign similar contracts.

4. Market and Project Updates

1. U.S. spot Bitcoin ETFs recorded a $148.7 million net outflow on September 30. October 1 figures remain incomplete.

2. Strategy purchased 1,665 BTC for approximately $143 million, lifting its holdings to 847,666 BTC.

3. New York and Wyoming regulators signed an agreement to coordinate digital-asset licensing, examinations and supervision.

4. Illinois agreed to delay its proposed 0.2% crypto transaction tax until July 1, 2027, subject to court approval.

5. A Dune report found that tokenized real-world assets exceed $34 billion. Tokenized equities represent only around 8% of value but account for approximately 93% of onchain trading activity.

5. Today's Market Calendar

• 20:30 UTC+8 — U.S. September Employment Report — High importance
  Consensus points to approximately 90,000 new payrolls, versus 162,000 in August, with unemployment expected to remain at 4.1%.

• 22:00 UTC+8 — U.S. August Factory Orders — Medium importance
  Markets will compare the report with the expansion signal from the ISM manufacturing survey.

• 06:45 UTC+8 on October 3 — Dallas Fed President Lorie Logan Q&A — Medium importance
  Focus will be on energy inflation, labor-market resilience and the path of future rate increases.

Institutional Views

Evercore ISI believes the latest comments from Jefferson and Williams imply that the Fed is unlikely to deliver back-to-back rate increases in October. Citi raised its 12-month Bitcoin target from $82,000 to $113,000 and its Ether target from $2,240 to $3,028. CryptoQuant, however, warned that profit-taking, transfers to exchanges and weaker spot demand could increase the risk of a short-term correction.

Disclaimer

This content was compiled through AI-assisted research and is subject to human verification before publication. It does not constitute investment advice. Market data may contain unavoidable deviations; please refer to real-time market prices.