European stocks plunge, dragging down US stocks; S&P 500 falls 0.22%
智通财经2026/10/08 07:36Deutsche Bank strategists stated: “A widening bond spread and renewed inflation concerns led to a tough day for risk assets.” The impact was especially apparent in European markets, with the STOXX 600 Index falling by 1.00%, ending a three-day winning streak. France’s CAC 40 Index dropped 1.22%, Italy’s FTSE MIB Index lost 2.51%, and European banking stocks declined by 3.38%, making them the worst-performing sector. “This weakness also extended to the US market, where the S&P 500 Index fell 0.22%, pulling back from the record high reached the previous day. Although the index pared some losses throughout the session, internal pressures remained apparent, with nearly three-quarters of its constituents declining. Industrials and materials retreated by 2.14% and 1.53% respectively, with cyclical sectors especially weak. Technology stocks demonstrated some resilience, limiting the declines in the Nasdaq Index and the ‘Magnificent Seven’ to 0.22% and 0.20% respectively. However, the small-cap Russell 2000 Index dropped by 1.31%, hitting a four-month low.”
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
European Court of Auditors: EU debt continues to rise and may reach 1 trillion euros by 2027
On October 8 local time, the European Court of Auditors (ECA) released its 2025 annual report, expressing concerns over the continuous growth of EU debt. According to the report, by the end of 2025, the EU's debt had reached approximately 740 billion euros. The report also warns that this figure may further rise to 1 trillion euros by 2027. The ECA pointed out that the increase in EU debt is mainly related to aid for Ukraine, rising interest rates, defense spending, and the EU recovery fund. (CCTV)
European Central Bank Governing Council Member Dorentz: Core inflation is stabilizing, persistently high inflation supports more restrictive policy rates
⑴ European Central Bank’s Holzmann stated that core inflation is stabilizing, which to some extent indicates that overall price pressures are under control. ⑵ ECB Governing Council member Holzmann expressed that persistently high inflation supports the view that policy rates should be adjusted to more restrictive levels. ⑶ Inflation risks are tilted to the upside due to oil, natural gas, food, and robust growth. ⑷ The timing and scale of any action will be decided at each meeting. ⑸ More stable core indicators provide some reassurance, suggesting that broader price pressures are being contained.
Spot platinum breaks through the $1650/oz mark
Spot platinum has just surpassed the $1650.00/oz mark, now at $1649.63/oz, up 1.01% on the day; Nymex platinum futures are now at $1657.1/oz, up 0.44% on the day.
Total investment in Finnish data center project has exceeded 67 billion euros
The surge in data center construction in Finland is accelerating. Following last month's announcement by Google, a subsidiary of Alphabet, of its largest investment in Europe to date, several new projects have been unveiled. Thanks to its relatively cool climate, renewable energy supply, and readily available grid connections, multiple companies, including Alibaba Group and Applied Digital, have recently announced plans to invest in and build data centers in Finland. Currently, the total investment for data center projects either planned or underway in the country has exceeded €67 billion (approximately $75 billion).
Crypto prices
More
