Overview
- U.S. CPI slowed to 3% year on year in September versus 3.1% expected, boosting confidence in a rate cut next week and keeping 10‑year Treasury yields near 4%.
- Wall Street advanced on the data and on confirmation of a meeting between President Donald Trump and China’s Xi Jinping, while Paris finished flat on the day.
- Oil prices jumped more than 5% after new U.S. sanctions on Rosneft and Lukoil, lifting energy shares including TotalEnergies.
- Earnings drove sharp moves: Kering rose about 9% on better‑than‑feared sales as STMicroelectronics tumbled on a 32% profit drop and Dassault Systèmes cut its 2025 goals.
- Earlier disappointments lingered, with Netflix down about 10% on a Brazil tax dispute and Tesla reporting a 37% profit decline, while investors awaited Moody’s verdict on France.