{"id":71230,"date":"2026-09-01T07:38:15","date_gmt":"2026-09-01T11:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-market-update-medtronic-surges-on-earnings-beat-japan-bond-yields-hit-30-year-high\/71230\/"},"modified":"2026-09-01T07:38:15","modified_gmt":"2026-09-01T11:38:15","slug":"global-market-update-medtronic-surges-on-earnings-beat-japan-bond-yields-hit-30-year-high","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-market-update-medtronic-surges-on-earnings-beat-japan-bond-yields-hit-30-year-high\/71230\/","title":{"rendered":"Global Market Update: Medtronic Surges on Earnings Beat; Japan Bond Yields Hit 30-Year High"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Medtronic (<a href=\"\/stock\/MDT\">MDT<\/a>)<\/strong> shares rose over <strong>7%<\/strong> in <a href=\"https:\/\/stockmarketwatch.com\/movers\/premarket\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Premarket Movers\">pre-market trading<\/a> after reporting <strong>Q1 2027 adjusted EPS of $1.45<\/strong> and raising its full-year organic revenue growth guidance to <strong>7.25%\u20137.75%<\/strong>.<\/li>\n<li><strong>Japan\u2019s 10-year government bond (JGB) yield<\/strong> eclipsed the <strong>3%<\/strong> threshold for the first time since 1996, driven by global inflation concerns and pressure from the U.S. for fiscal sustainability.<\/li>\n<li>Former UK Prime Minister <strong>Keir Starmer<\/strong> announced he will stand down as a Member of Parliament for Holborn and St Pancras, triggering a by-election and ending his 11-year parliamentary career.<\/li>\n<li>The head of Canada\u2019s <strong>Defence Investment Agency<\/strong>, <strong>Doug Guzman<\/strong>, is reportedly stepping down after just one year, citing frustrations with government bureaucracy in military procurement.<\/li>\n<\/ul>\n<h2>Medtronic Outperforms Estimates, Lifts Full-Year Outlook<\/h2>\n<p>Medical technology leader <strong>Medtronic (<a href=\"\/stock\/MDT\">MDT<\/a>)<\/strong> delivered a robust start to fiscal year 2027, reporting first-quarter revenue of <strong>$9.76 billion<\/strong>, exceeding analyst estimates of <strong>$9.54 billion<\/strong>. The company\u2019s <strong>adjusted EPS of $1.45<\/strong> beat the consensus of <strong>$1.39<\/strong>, marking its fifth consecutive quarterly earnings beat.<\/p>\n<p>Growth was broad-based across all major segments, with the <strong>Cardiovascular<\/strong> portfolio leading the way with <strong>19.5%<\/strong> revenue growth, fueled by strong demand for the <strong>Affera Mapping and Ablation System<\/strong>. Consequently, management raised its <strong>FY27 organic revenue growth<\/strong> outlook to <strong>7.25%\u20137.75%<\/strong> (up from 6.75%\u20137.25%) and tightened its <strong>adjusted EPS<\/strong> guidance to a range of <strong>$5.94 to $6.00<\/strong>.<\/p>\n<h2>Japan\u2019s Bond Market Under Pressure as Yields Hit 3%<\/h2>\n<p>The Japanese bond market reached a historic milestone on Tuesday as the <strong>10-year JGB yield<\/strong> touched <strong>3%<\/strong>, its highest level in three decades. The surge comes as investors price in an aggressive rate hike from the <strong>Bank of Japan (BOJ)<\/strong> in September and react to comments from U.S. Treasury Secretary <strong>Scott Bessent<\/strong> regarding the need for Japanese fiscal sustainability.<\/p>\n<p>Finance Minister <strong>Satsuki Katayama<\/strong> stated that Japan will continue efforts to achieve &quot;strong growth and fiscal sustainability&quot; simultaneously while maintaining a close dialogue with markets. Despite the yield spike, the <strong>Yen<\/strong> remained volatile, trading near <strong>\u00a5160 to the dollar<\/strong>, as traders weigh the impact of rising borrowing costs on Japan\u2019s massive public debt.<\/p>\n<h2>Political Shifts in the UK and Canada<\/h2>\n<p>In the United Kingdom, former Prime Minister <strong>Keir Starmer<\/strong> confirmed he will resign as the MP for <strong>Holborn and St Pancras<\/strong>. Starmer, who led the Labour Party until earlier this summer, indicated he will pivot his focus toward <strong>international affairs<\/strong>, including defense, security, and trade, as well as his ongoing advocacy against violence toward women and girls.<\/p>\n<p>Meanwhile, in Canada, <strong>Doug Guzman<\/strong>, the Chief Executive Officer of the <strong>Defence Investment Agency<\/strong>, is expected to step down after only one year in the role. Sources indicate that Guzman, a former <strong>Royal Bank of Canada (<a href=\"\/stock\/RY\">RY<\/a>)<\/strong> executive, has been frustrated by the &quot;slow pace&quot; of federal bureaucracy, which has hindered efforts to accelerate multi-billion dollar military procurement projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Medtronic (MDT) shares rose over 7% in pre-market trading after reporting Q1 2027 adjusted EPS of $1.45 and 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