European stocks close lower as Wall Street gains; oil rises and silver slides

• The UK Office for National Statistics revised its second-quarter data to show that Britain's economy grew faster than previously recorded. • The updated figures highlight a resilient economic performance that occurred before the recent increase in borrowing costs and energy prices.

• European stock markets remained flat as investors balanced rising inflation in the Eurozone against softer economic data from the United States. • Preliminary consumer price data for September showed inflation accelerated faster than expected in Germany, France, Spain, and Italy due to energy price shocks from Middle East hostilities.

• Wall Street's main indexes traded higher on Wednesday following a softer-than-anticipated inflation reading. • The market movement was driven by investor hopes that the Federal Reserve might not hike interest rates as soon as next month.

• The Federal Reserve's second-highest official reduced expectations for an interest rate hike in October on September 30. • Moderna shares fell after Citi downgraded the stock to Sell, citing a potential 60% downside because the current price reflects unrealistic sales for its cancer vaccine.

• Polish runways were targeted during a second night of strikes on September 30, 2026. • Serbian President Aleksandar Vučić scheduled snap elections for the country to take place on October 25.

• The White House is lowering expectations for a quick diplomatic breakthrough with Iran after the U.S. provided feedback on a seven-point proposal. • Iranian Foreign Minister Araghchi presented the U.S. proposal to President Pezeshkian following a trip to New York that included talks on reopening the Strait of Hormuz.

• The EUR/USD currency pair fell to 1.1312 on Wednesday, marking its lowest level since May 2025. • This current value represents a sharp decline from the peak of 1.2082 recorded in January.

• The BSE Sensex fell 48 points and the NSE Nifty slipped 95 points on Wednesday. • Market declines were driven by sustained foreign fund outflows and elevated crude oil prices.

• KuCoin published its regular summary of the top five cryptocurrency price gainers for September 30, 2026. • The report identified STAY, NAKA, SOON, RMV, and POND as the tokens with the largest percentage gains over the preceding 24 hours.

• Indian stock indices Sensex and Nifty hit six-month lows on Tuesday as a rising US dollar dragged down emerging market assets. • BSE-listed stocks lost a combined Rs 4.38 lakh crore in market value, with 190 stocks hitting 52-week lows within the first 90 minutes of trading.

• Brent Crude oil prices approached $103 as uncertainty regarding the Strait of Hormuz countered a recovery in Saudi Arabian supply. • Asian markets showed mixed results, with the Nikkei gaining 1.13% and the KOSPI rising 0.51%, while the Sensex and Hang Seng declined.