Euro Stoxx 50 Gains 0.74% as RBA Keeps Rates Steady at 4.60%
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Euro Stoxx 50 Gains 0.74% as RBA Keeps Rates Steady at 4.60%
European Trading Session Report | September 29, 2026 | Analysis during European hours (8:00 AM – 5:00 PM CET)
📊 Market Commentary
**European Markets Edge Higher Amid Cautious Optimism** European equities are posting modest gains in early trading, with the Euro Stoxx 50 leading the advance, up 0.74%, while the DAX and CAC 40 rise 0.33% and 0.25% respectively. The FTSE 100 is also climbing 0.48%, supported by a weaker sterling as GBP/USD dips 0.16%. Investor sentiment remains cautiously optimistic despite lingering concerns over ECB policy, with markets pricing in further tightening signals amid sticky inflation. The euro is under slight pressure, with EUR/USD down 0.19% as traders digest mixed Eurozone macro data, including softer industrial production figures. EUR/GBP is marginally lower (-0.03%), reflecting subdued volatility in cross-channel flows, while USD/CHF gains 0.19% as the Swiss franc retreats slightly. Overnight, Asian markets traded mixed following Wall Street’s negative close, where the S&P 500 fell 0.77% and the Nasdaq 100 dropped 1.08% amid renewed tech sector weakness. Sector performance in Europe is varied, with financials and industrials outperforming, while energy stocks lag amid fluctuating crude prices. Investors are closely monitoring upcoming ECB commentary for clues on the terminal rate, with hawkish rhetoric likely to bolster the euro in the near term. The calendar remains light today, though German ZEW sentiment data later this week could influence direction. Commodities are subdued, with gold hovering near recent lows as the dollar firms, while crypto markets show little movement. Overall, European markets are holding steady, but the lack of strong catalysts leaves gains vulnerable to a pullback if risk appetite wanes. Traders remain attuned to US earnings and Fed expectations, which continue to drive broader market sentiment.
🇪🇺 European Indices Performance
Change vs. yesterday's close
| Index | Price | Daily (%) |
|---|---|---|
| Euro Stoxx 50 | 6347.60 | +0.74 |
| DAX | 25457.79 | +0.33 |
| CAC 40 | 8099.03 | +0.25 |
| FTSE 100 | 10735.94 | +0.48 |
🇺🇸 US Markets — Previous Close
Yesterday vs. two days ago
| Index | Price | Daily (%) |
|---|---|---|
| S&P 500 | 7683.69 | -0.77 |
| Dow Jones | 51481.51 | -0.67 |
| Nasdaq 100 | 30276.81 | -1.08 |
💱 Currency Pairs
Change vs. today's open
| Pair | Price | Daily (%) |
|---|---|---|
| EUR/USD | 1.14 | -0.19 |
| GBP/USD | 1.32 | -0.16 |
| USD/JPY | 157.38 | -0.00 |
| EUR/GBP | 0.86 | -0.03 |
| USD/CHF | 0.83 | +0.19 |
| AUD/USD | 0.70 | -0.40 |
| USD/CAD | 1.42 | +0.09 |
🛢️ Commodities
Change vs. previous close
| Commodity | Price | Daily (%) |
|---|---|---|
| Silver | 61.21 | -0.02 |
| Crude Oil (WTI) | 93.38 | +0.84 |
| Brent Oil | 98.64 | -6.31 |
| Natural Gas | 3.12 | +3.83 |
₿ Cryptocurrency
Change vs. previous close
| Crypto | Price | Daily (%) |
|---|---|---|
| Bitcoin | 83988.47 | +0.58 |
| Ethereum | 2711.76 | +0.86 |
📅 Today's Economic Calendar
High and medium importance events (ET)
| Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|
| 00:30 | 🇦🇺 | High | RBA Interest Rate Decision (Sep) | 4.60% | 4.60% |
| 03:00 | 🇨🇭 | Medium | KOF Leading Indicators (Sep) | 109.1 | 106.0 |
| 03:00 | 🇪🇺 | Medium | Spanish CPI (YoY) (Sep) | 4.9% | 4.6% |
| 03:00 | 🇪🇺 | Medium | Spanish HICP (YoY) (Sep) | 5.0% | |
| 05:30 | 🇪🇺 | Medium | Italian 10-Year BTP Auction | ||
| 06:00 | 🇪🇺 | Medium | German Buba Mauderer Speaks | ||
| 06:00 | 🇪🇺 | Medium | German Buba President Nagel Speaks | ||
| 06:00 | 🇪🇺 | Medium | France Jobseekers Total (Aug) | ||
| 07:00 | 🇪🇺 | Medium | ECB President Lagarde Speaks | ||
| 08:00 | BRL | Medium | Unemployment Rate (Aug) | 5.3% | |
| 08:30 | 🇨🇦 | Medium | GDP (MoM) (Jul) | 0.0% | |
| 08:30 | 🇨🇦 | Medium | GDP (MoM) (Jul) | ||
| 09:00 | 🇺🇸 | Medium | S&P/CS HPI Composite - 20 n.s.a. (YoY) (Jul) | 2.2% | |
| 09:00 | 🇺🇸 | Medium | S&P/CS HPI Composite - 20 n.s.a. (MoM) (Jul) | ||
| 10:00 | 🇺🇸 | High | CB Consumer Confidence (Sep) | 89.2 | |
| 10:00 | 🇺🇸 | High | JOLTS Job Openings (Aug) | 7.230M | |
| 11:00 | 🇬🇧 | Medium | BoE MPC Member Mann Speaks | ||
| 11:00 | 🇺🇸 | Medium | FOMC Member Bowman Speaks | ||
| 12:40 | 🇺🇸 | Medium | Fed Vice Chair for Supervision Barr Speaks | ||
| 14:00 | 🇺🇸 | Medium | FOMC Member Williams Speaks | ||
| 14:00 | 🇪🇺 | Medium | ECB's Lane Speaks | ||
| 15:00 | 🇺🇸 | Medium | Fed Waller Speaks | ||
| 16:30 | 🇺🇸 | Medium | API Weekly Crude Oil Stock | ||
| 19:50 | 🇯🇵 | Medium | Industrial Production (MoM) (Aug) | 1.4% | |
| 21:30 | 🇦🇺 | Medium | Building Approvals (MoM) (Aug) | -0.9% | |
| 21:30 | 🇨🇳 | Medium | Chinese Composite PMI (Sep) | ||
| 21:30 | 🇨🇳 | High | Manufacturing PMI (Sep) | 50.1 | |
| 21:30 | 🇨🇳 | Medium | Non-Manufacturing PMI (Sep) | 49.3 | |
| 21:45 | 🇨🇳 | Medium | RatingDog Manufacturing PMI (MoM) (Sep) | 51.7 | |
| 21:45 | 🇨🇳 | Medium | RatingDog Services PMI (Sep) | 51.2 | |
| 22:20 | 🇪🇺 | Medium | ECB's Elderson Speaks |
Disclaimer
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