Overview

• The DAX hovered around 23,770–23,840 with slight early gains after a flat close Monday, still down for September despite a recent move above its 21‑day average.
• U.S. funding talks remained unresolved with a shutdown set to begin Wednesday without a deal, a risk that could delay labor data releases, though JPMorgan noted past shutdowns had limited lasting market impact.
• Key near‑term drivers include Germany’s flash inflation figures and the U.S. September jobs report, which could shape expectations for ECB and Fed policy.
• Lufthansa detailed broader administrative job cuts to boost profitability as a pilots’ strike vote wraps up, with shares ticking higher.
• Gold touched a new record near $3,809 per ounce while Brent slipped about 0.5–0.6% on reports of a possible OPEC+ output increase and resumed Kurdish pipeline flows; WSJ reporting of takeover talks propelled Electronic Arts.