investingLive European session wrap: Oil extends fall, Bitcoin jumps to highest since January

Headlines: Crude oil falls on de-escalation hopes as focus shifts to the US General Assembly. What's next? Brent crude cools from recent highs, but $100 oil keeps bond markets on edge USD/JPY intervention risk grows as Japan holiday leaves yen exposed in thin liquidity Gold (XAU/USD) analysis: Consolidation ahead of key talks on the Iran war at the UN General Assembly China holds its ground as markets eye trade truce ahead of Trump-Xi summit China’s fifth plenum set for October 26-29 as markets watch for economic signals Fed policymaker Goolsbee warns strong demand may be fueling US inflation as rate hike outlook hardens ECB inflation headache could worsen as gas prices feed through faster than before Markets: Brent crude down 2.5% to $101.30 US 10-year Treasury yields down 4.7 bps to 4.95% AUD leads, JPY lags on the day Gold down 0.3% to $4,362 Bitcoin up 4.5% to $84,777 European indices higher; S&P 500 futures up 0.7% It was an eventful start to the new week as markets continue to take in a calmer mood. With watchful eyes on the upcoming UN General Assembly, there is talk that the US could use the opportunity to try and work something out with Iran. Oil prices may have opened with a gap higher today but quickly fell back with Brent crude now dropping over 2% to $101.30 on the day. As oil prices come off the boil, we're seeing bond yields also pull back in Europe and the US. 10-year German bond yields are seen down by over 6 bps to 3.45% while 10-year Treasury yields are also down nearly 5 bps to 4.95%. The fall in yields is helping to give risk appetite a bit of a lift, as equities are pushing higher to start the new week. Major indices in Europe are off to a positive start, posting just over 1% gains in the morning session. That is helped by a better mood in US futures, underpinned by a better showing in tech shares. S&P 500 futures are up 0.7% and Nasdaq futures up 1.0%. Looking to major currencies, the dollar is trading more mixed but generally little changed o