Britain’s GDP expanded by 0.5 percent in this year’s second quarter, the Office for National Statistics (ONS) reported, adjusting upward its earlier estimate of 0.4 percent.
Category: 6 October 2026
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EUROZONE EV SALES JUMP 45 PERCENT THIS YEAR
In this year’s first eight months, sales of electric passenger vehicles (EVs) in the Eurozone jumped to 1.64 million, up 45 percent year on year, thanks to a wave of more affordable models from both European and Chinese makers, the advocacy group Transport & Environment (T&E) reported.
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EUROZONE BUSINESS ACTIVITY BOOMED IN SEPTEMBER
In September, the Eurozone’s business activity expanded by the most in 3.5 years, with demand holding up under inflation pressures, fuel-related worries, and soaring bond yields, Reuters reported.
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EURO FALLS TO 17-MONTH LOW AGAINST THE DOLLAR
On 30 September, the value of the euro dipped below $1.1299, its lowest since May 2025, Reuters noted.
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BOOMING U.S. STOCK MARKET SHOWS WARNING SIGNS
The overall value of the U.S. stock market continued to reach new records in this year’s third quarter, with earnings among the Standard & Poor’s 500 companies again exceeding 25 percent.
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CONSUMER CONFIDENCE FELL DRAMATICALLY IN SEPTEMBER
Last month, consumer confidence dropped to its lowest level in 12 years, the Conference Board said in reporting the results of its newest monthly poll.
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U.S. MORTGAGE RATE POSTS ITS BIGGEST GAIN IN FOUR YEARS
Last week, the average U.S. interest rate on a 30-year, fixed-rate mortgage shot up to 7.28 percent from 7.03 the week before, marking the biggest weekly jump since October 2022, the Federal Home Loan Mortgage Corp. reported.
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TRUMP TELLS NEBRASKA RALLY THAT U.S. IS ‘KICKING IRAN’S ASS,’ WAR WILL END ‘VERY SOON’
President Donald Trump addressed a rally in Nebraska on Monday and said that the U.S. is “kicking Iran’s ass” and that the war will end “very soon, and your prices are going to come down.”
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SPOTLIGHT: OIL SUPPLIES TIGHTEN, PRICES RISE, AND COUNTRIES ACT
To safeguard domestic supplies, Beijing has not given Chinese refiners permission to export oil products during October except to Hong Kong and Macau, Reuters reported. Beijing has been determining export levels month by month since July.
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UPDATE: THE BOND MARKET’S CRISIS CONTINUES
The world’s credit market could see sharp swings as the surge in AI-related borrowing leaves the bond market “unusually concentrated,” private equity firm KKR warned in a 30 September analysis.