Seven major OPEC+ producers agreed to keep November crude output unchanged as the Iran conflict disrupted supplies and pushed Brent above $100 a barrel. Meanwhile, G7 nations plan to release 100 million barrels of oil and refined products, including diesel, to ease energy-market pressures and cushion consumers from soaring fuel costs.
Eurozone inflation stands at 3.8%, with Bundesbank President Joachim Nagel warning of upside risks from energy, food and refining costs. However, wage and price-setting remain contained, while long-term inflation expectations stay aligned with the ECB’s 2% target. Markets increasingly expect further ECB rate hikes, though Nagel urged flexibility.
In the upcoming three months, a significant event will unfold as lock-ins will expire for shares in 91 companies, releasing approximately $14 billion worth of stocks. Notably, the Central Mine Planning & Design Institute will see a release of 464 million shares. As various companies unlock shares through November and December, investors should closely analyze potential shareholder actions in the post-lock-in landscape.
Eurozone business activity expanded at its fastest pace since April 2023 in September, driven by strong service demand and AI investments. However, inflation surged to 3.8% due to rising energy costs, fueling expectations that the European Central Bank will maintain higher interest rates or hike rates further by mid-next year.
BNP Paribas has retained its Outperform rating on Nvidia and raised its target price to $345 from $285, implying 47% upside. The brokerage sees Nvidia’s full-stack AI platform, including GPUs, networking and software, helping it navigate the shift towards increasingly complex inference workloads and sustain its market leadership.
Nearly 78 BSE 500 stocks saw both FII and retail ownership rise in June 2026. Ten stocks gained 10%-35% over three months, led by Lenskart Solutions.
European shares edged 0.2% higher, recovering from last week’s losses, while French stocks fell amid growing fiscal concerns. The CAC 40 dropped 0.8%, pressured by Schneider Electric’s sharp decline after its $22.6 billion PTC deal. Investors also tracked softer US jobs data, bond yields, inflation risks and political uncertainty across Europe.
US-listed ETFs have attracted a record $1.54 trillion in inflows so far in 2026, surpassing the previous full-year record set in 2025. Equity ETFs led demand, while technology funds saw the strongest sectoral inflows. The surge comes despite market volatility, underscoring continued investor preference for liquid, flexible exchange-traded products amid shifting rate expectations.
Shares of Punjab National Bank, Bank of Baroda and AU Small Finance Bank rose up to 4% after strong Q2 business updates. Deposits and advances recorded robust year-on-year growth across the lenders, boosting investor sentiment. Analysts expect loan growth momentum to continue, though near-term margins could remain under pressure amid surplus liquidity.
Chicago Fed President Austan Goolsbee said recent jobs data indicated a steady US labour market, while persistent inflation remains the bigger policy concern. He said the Fed’s options remain open and policymakers need stronger evidence that inflation is moving sustainably toward the 2% target before deciding rates.
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