Europe Intelligence Brief — Friday, October 2, 2026

• President Donald Trump threatened to ban diesel exports to lower fuel prices in the United States before the November elections. • David Fyfe, chief economist at Argus Media, stated that cutting off the American supply would likely cause international prices to skyrocket.

• Global merger and acquisition activity slowed in the third quarter as deal volumes fell below $1 trillion. • Total deal value dropped to $993 billion during the period, down from the previous quarter.

• Soybean futures prices fell by 1.33% today as China maintained import tariffs on soybeans from the United States. • The futures are currently trading at USX1,275.

• Government bond markets steadied Friday after a sell-off pushed France's 10-year borrowing costs to their highest level since 2002. • Eurozone inflation jumped to 3.8% in September, exceeding economist expectations of 3.6% and reaching a three-year high.

• Federal Reserve Vice Chair Philip Jefferson stated on Thursday that officials may require more time before deciding if interest rates should be raised again. • This position echoes recent signals from New York Fed President John Williams regarding the central bank's upcoming meeting later this month.

• Ashish Chaturmohta, Managing Director of PMS at JM Financial, analyzed the current outlook for Indian equities in a recent Market Commentary episode. • The discussion focused on the impact of elevated US bond yields, crude oil volatility, and persistent outflows from foreign funds.

• Indian equities ended lower on Thursday as losses in auto stocks dragged down the Sensex and Nifty 50. • The Sensex fell 571 points and the Nifty slipped 0.88% while the rupee hit a two-month low against the dollar.

• U.S. stocks ended mixed and European equities fell broadly during the trading session on Wednesday, October 1, 2026. • Euro area inflation data for September rose unexpectedly, with Italy reporting 4.1%, France 3.4%, and Germany 3.3% year-over-year.

• The BSE Sensex and Nifty indices fell sharply on Thursday, with the Sensex hitting a new calendar year low. • The Sensex crashed 1,045 points during intraday trading, dropping from a high of 72,573 to a low of 71,528.

• Indian equity markets fell on Thursday, extending their longest losing streak in years due to global and domestic concerns. • The Sensex dropped 570.59 points, or 0.79 percent, to close at 71,909.70, while the Nifty fell 198.50 points to 22,421.95.

• The local benchmark index rose on August 14, 2025, following positive U.S. inflation data and expectations of a Federal Reserve interest rate cut. • TA Research maintained a Buy rating for KIP REIT with a revised target price of RM1.18 following the company's RM435 million acquisition of KIPMall Setapak.