European Stocks Close Lower as Weak PMIs and Rising Oil Weigh on Markets
The Stoxx 600 fell 0.31% and Germany's DAX lost 0.75%. Weak PMI data, inflation worries and oil above $115 pressured sentiment, according to dpa-AFX.
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what happened
Major European stock markets closed lower on Friday, according to dpa-AFX. Investors reacted to mostly weak regional preliminary PMI data, worries about inflation and possible monetary tightening, and higher oil prices. Brent futures climbed above $115 a barrel before paring part of the gains, after Houthi strikes in Saudi Arabia raised tensions in the Middle East.
The Stoxx 600 ended down 0.31%, the FTSE 100 fell 0.32%, while Germany's DAX and France's CAC 40 dropped 0.75% and 0.36%. In France, the composite PMI fell to 48.4 in October from 51.1, below the 50.5 forecast. In the UK, the composite PMI rose to 53.1, and Germany's manufacturing PMI climbed to 54.2.
Among single stocks, Kering sank nearly 17% after third-quarter revenue was flat year on year, Safran dropped 10%, and Rolls-Royce fell 7.6% on reports of a deal for up to £200 million in UK government subsidies. BP and Shell gained 4.4% and 3.7% with crude prices.
why it matters
The key for markets is the combination of expensive oil and weakening business activity. It raises inflation risk and complicates central bank decisions, weighing on consumer and industrial stocks, while oil producers benefit from higher commodity prices.
market impact
European equities: higher oil and inflation worries pressure indices; energy shares gain support
tags
instruments
sources
- European Stocks Close Lower On Earnings, Weak Economic Data — TradingView, 23 October 2026 at 18:07 UTC
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