European ETF Market Wrap: Flows, Performance and Leaders

• The Sensex fell 330 points and the Nifty closed at 23,329 on September 22, 2026. • Global oil prices slipped to $98.9 per barrel as markets anticipated potential talks between the US and Iran.

• The European Central Bank warned on September 10 that a second wave of oil and gas price increases will likely keep inflation elevated for a longer period. • The bank now expects inflation to trend toward its target starting from mid-2027, reversing earlier market expectations that the energy shock would peak around June.

• Benchmark indices fell to new intraday lows during afternoon trade due to geopolitical concerns and continuous foreign fund outflows. • The Nifty index traded below the 23,350 level despite a decrease in crude oil prices.

• European Central Bank Chief Economist Philip Lane stated that energy shocks could delay the return of inflation to the 2% target. • Lane noted that the European economy will expand steadily at a moderate pace provided these energy shocks ease.

• The United Arab Emirates central bank issued preliminary approval on September 22, 2026, for the National Bank of Egypt to acquire Banque Misr's branches within the UAE. • Both Egyptian banks confirmed the regulatory decision following a formal request by the National Bank of Egypt.

• European stocks opened flat this week as investors monitored potential US-Iran talks at the United Nations General Assembly. • Kingfisher shares rose after the company increased its profit outlook for the full year.

• Japan Airlines is currently choosing between Embraer and Airbus for a new order of approximately 20 regional jets. • The airline is weighing the Embraer E2 against the Airbus A220 and may reach a final decision as soon as October.

• Volkswagen was removed from the European blue-chip index, a benchmark of the region's largest and most liquid companies. • France's national debt is projected to reach its highest level since 1978 due to increasing fiscal strain.

• Eurostat data shows that young adults in southern and eastern Europe typically leave their parents' homes at age 30 or older. • The average age of departure in Finland is 21, while Denmark is 22 and Estonia and Sweden are 23.

• The Trump administration proposed a $5 billion investment fund on September 21, 2026, to help Middle East countries rebuild energy infrastructure damaged during the Iran war. • The proposed $5 billion fund aims to restore energy sites and decrease the region's reliance on specific external energy dependencies.

• Target Healthcare REIT PLC reported its final financial results on September 22, 2026, showing growth in earnings and net tangible assets. • Adjusted EPRA EPS, the company's primary performance measure, increased by 7.6% while the disposal of 11 care homes yielded an annualised ungeared internal rate of return of 11%.