Overview

• Pan‑European Stoxx 600 slipped 0.15% on Oct. 7 as banks lagged and pharmaceuticals helped limit losses.
• France’s turmoil intensified after Prime Minister Sébastien Lecornu resigned 27 days into the job and opposition leaders rejected talks, with President Emmanuel Macron giving him until Wednesday to find a path forward.
• Paris’s CAC 40 edged up 0.04% as luxury names such as LVMH and Kering rebounded, while BNP Paribas and Société Générale fell.
• German industrial orders fell 0.8% in August month on month, with Commerzbank linking the weakness to the impact of U.S. tariffs.
• U.S. stocks closed lower with the Nasdaq down 0.67% after a report of weaker‑than‑expected Oracle cloud revenue, as the federal government shutdown reached its seventh day and investors awaited remarks from ECB, Bundesbank and Fed officials.