Euro zone private-sector growth slowed in October to its weakest pace in four months, with the flash composite PMI falling to 51.9 from 53.1 in September, below every forecast in a Reuters poll that had expected 52.7. Readings above 50.0 indicate growth. Input costs rose for a second straight month on higher energy, fuel and transport prices partly linked to the Middle East war, while firms raised selling prices more slowly, suggesting margin pressure. French business activity unexpectedly contracted amid political and financial instability, with business confidence at its lowest since 2012 outside the pandemic period, and growth in Germany also softened. The ECB is expected to hold its deposit rate at 2.5% next week but raise it by 25 basis points in December, as inflation runs nearly double its 2% target, a Reuters poll found.
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Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 1.12168 |
| Change that session | -0.14% |
DXY
▲ Likely positiveRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/22/2026 | 101.62 |
| Change that session | -0.07% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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