Overview

• Most major European indices closed higher, with the Stoxx 600 up 0.38%, while London’s FTSE 100 dipped 0.04%.
• The eurozone composite PMI rose to 51.2 in September, its highest in 16 months, pointing to expansion led by services.
• The UK composite PMI fell to 51.0 from 53.5, signaling a sharper slowdown that helped drag the FTSE 100.
• Jerome Powell’s speech was read as slightly dovish but offered no explicit guidance for upcoming meetings, and the Dow fell 0.19%, the S&P 500 0.55% and the Nasdaq 0.95%.
• Kingfisher jumped about 14.5% after raising its fiscal-year outlook, and Orsted gained nearly 4% after a U.S. court cleared it to resume a previously suspended project.