The Daily Allocator — Wednesday, 9 September 2026

Markets struggled under an energy tax as renewed fighting in the war with Iran pushed Brent crude to late-July highs, weighing heavily on U.S. and European equities. Post-Labor Day market volatility slowed American high-grade corporate bond issuance to a six-year low, even as Amazon tested the sterling market with its debut sale. Meanwhile, trade crosscurrents multiplied with fresh U.S. bans on Canadian goods and Israeli retaliatory measures against British diplomats following West Bank settlement trade restrictions.