The pan-European STOXX 600 fell 0.3% on Monday as markets digested Fitch's revision of France's sovereign outlook to negative from stable, citing weaker public finances and political gridlock. Brent crude dropped 3.3% to $109.70 a barrel after a 13.6% rise in October, though risk premiums stay elevated due to ongoing strikes on commercial tankers in the Persian Gulf and Strait of Hormuz. Germany's DAX was flat, London's FTSE 100 fell 0.3%, Spain's IBEX 35 rose 0.6% and Italy's FTSE MIB slipped 0.9%. Fitch pointed to slower growth, higher borrowing costs and a widening deficit, keeping France's 10-year yield spread over Bunds historically wide. Separately, Apple reclaimed its position as the world's most valuable listed company, edging past Nvidia, as investors grew wary of AI spending ahead of its earnings call, the first hosted by CEO John Ternus.
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Related tickers and likely impact
EUR/USD
▼ Likely negativeRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/30/2026 | 1.11601 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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