RBI Rate Hike Bets Surge as Inflation Rises 
OPEC+ Keeps November Oil Output Targets Steady 
Asian Stocks Rise as Fed Rate Hike Bets Fade 
Europe EV Sales Hit Record as Affordable Models Boost Demand 
Fed’s Hammack Says More Data Needed Before Next Rate Move 
Wall Street Rises as Oil Prices Ease, Nasdaq Hits Record 
Bank of America Sees EUR/USD at 1.15 by Year-End 
US Stock Futures Rise as Weak Jobs Data Eases Fed Hike Bets 
Middle East Oil Exports Top Pre-War Levels Despite Hormuz Attacks 
Hong Kong Stocks Slip as Property, Financial Shares Weigh 
Scope Warns US Debt Could Hit 160% of GDP 
Asian Stocks Rally as Soft US Jobs Data Boosts Tech 
High Rates Weigh on U.S. Home Improvement Demand 
Trump Plans Diesel Tax Relief as Fuel Prices Hit Record Highs 
G20 Divided Over US Push to Curb Industrial Overcapacity 
Fed’s Logan Signals 50 Basis Points More in Rate Hikes 
AI Agents Could Disrupt Financial Services, Bernstein Says 
Add as a preferred source on Google
European stocks ended mixed on Monday as France’s worsening fiscal concerns pushed the CAC 40 to a six-month low, while stronger Eurozone business activity and softer U.S. employment data supported other regional markets.
The pan-European STOXX 600 gained 0.4%, attempting to recover from a sell-off that had recently pushed valuations to more than three-month lows. Britain’s FTSE 100 also advanced 0.4%, while Germany’s DAX and Italy’s FTSE MIB finished higher.
France underperformed, with the CAC 40 falling as much as 1.2% before closing 0.8% lower. Investors remained cautious about French assets following the release of Paris’s 2027 draft budget and a widening sell-off in government bonds.
ING strategist Chris Turner said investors were likely to avoid French debt for the time being.
Corporate moves also influenced trading. Schneider Electric plunged 9.1% after announcing a $22.6 billion all-cash offer for PTC. Meanwhile, European engineering software shares rallied, with Dassault Systèmes climbing 2.3% and Nemetschek and TeamViewer gaining 3.2%.
Economic data provided some support. The S&P Global Eurozone Services PMI reached a 10-month high of 53.0 in September, while the composite PMI increased to 53.1 from 52.0, its strongest level since April 2023.
However, Eurozone inflation accelerated to 3.8% from 3.2% in August as higher energy costs intensified price pressures. ECB Chief Economist Philip Lane said energy prices presented upside inflation risks but maintained that a “measured” monetary policy response remained appropriate.
Geopolitical tensions also limited gains after Yemen’s Saudi-backed government launched an offensive against Iran-backed Houthi forces. Houthi missile and drone attacks targeting Saudi Aramco infrastructure kept energy-market risks elevated.
European markets also benefited from weaker U.S. payroll data. September job growth slowed to 29,000, reducing expectations for another Federal Reserve rate hike. Markets priced the probability of an October increase at about 20%, down from roughly 65% a week earlier, easing pressure on Treasury yields and supporting global equities.
