At approximately 9:40 a.m., the Stoxx 600 index rose 0.29% to 580.80 points. The Frankfurt DAX index advanced 0.71% to 24,051.67 points. The FTSE 100 index in London rose 0.08% to 9,717.98 points. The CAC 40 index in Paris fell by 0.36% to 8,152.45 points. The European raw materials sector index rose 0.8%, leading the gains after the price of copper reached its highest levels ever.
Berenberg says U.S. personal consumption expenditures inflation data, which the Fed favors, is eagerly awaited. The core PCE price index is expected to reach 2.8% in September year-on-year, down from 2.9% in August. “If today’s data meets expectations, nothing will prevent another rate cut next week,” he says. The interest rate market currently places a roughly 90% probability of a rate cut.
Euro zone GDP rose 0.3% in the third quarter of 2025 compared to the previous quarter, beating expectations for a 0.2% increase, as investment spending rebounded, despite a slowdown in household consumption. Analysts point out that the resumption of growth may reinforce the European Central Bank’s perception that interest rates are in a comfortable position.