Financial Markets Daily Report
02 novembre 2026
Markets ended the week on a risk-off note. Stocks tumbled, led by a selloff in technology equities, while oil and gas prices jumped amid investor concerns about a potential escalation of the Middle East conflict. U.S. and German sovereign yields nudged down, driven by safe-haven flows, while euro area peripheral spreads widened, and the USD and the EUR weakened.
On the data front, euro area GDP grew by 0.4% qoq in Q3 2026, after growing by 0.6% in Q2. Excluding Ireland, euro area GDP growth stood at 0.2% in Q3 and 0.3% in Q2. Spanish GDP posted the strongest growth (at 0.6% qoq). Germany's economy grew by 0.2%, Italy's stagnated (0.0%) and French GDP fell (-0.1% qoq).
This week, the focus will be on the U.S. midterm elections (Tuesday; betting markets see the Democrats regaining control of both houses of Congress), euro area flash inflation figures for October (Wednesday), the Bank of England's monetary policy meeting (Thursday; markets see the BoE hiking to 4.00%) and the U.S. employment report for October (Friday).