Market Pulse - Europe
Sector movers: Oil and Gas paces gains after OPEC+ announces 2.0m b/d output cut
Oil&Gas paced gains in the stockmarket on Wednesday after the Organisation of Petroleum Exporting Countries and its Russian-led allies surprised financial markets with a production cut that was twice what was expected.
Eurozone composite PMI falls in September
S&P Global's Eurozone composite PMI fell to 48. 1 in September, down 0. 1 points from its flash estimate and 0. 8pts from the prior month, with both the services and manufacturing PMIs also posting monthly drops.
Eurozone manufacturing contracts faster in September
Manufacturing activity in the euro area contracted at a faster cadence in September, according to fresh data released on Monday morning, as new orders slid.
OPEC+ mulling 1.0m barrel production cut
Brent crude oil futures jumped at the start of the quarter amid reports that the Organisation of Petroleum Exporting Countries and its allies may cut their combined output by approximately 1. 0m barrels a day.
Sector movers: Rally in sterling calms jitters, but analysts still mixed in their opinions
Interest rate sensitive segments of the stock market rebounded at the end of the third quarter with market participants somewhat comforted by strength in Sterling, although that took some of the shine off the top-flight index which barely managed to edge into the green.