Euro area GDP grows 0.4% in Q3 2026, beating forecasts as France contracts
Eurostat's flash estimate on Oct. 30, 2026 shows growth slowing from 0.6% but topping a 0.2% consensus, a day after the ECB held rates at 2.5%.
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ECB President Lagarde to step down on Feb. 7, 2027, about nine months early
The European Central Bank announced on Oct. 29, 2026 that Christine Lagarde will leave before her term ends in October 2027. The race to succeed her is now open.
Fed holds rates at 3.75%–4% in 10–2 vote as two officials push for a hike
Lisa Cook and Beth Hammack wanted a quarter-point increase on Oct. 28, 2026; Chair Kevin Warsh also announced that one 2027 meeting will be reserved for strategy, with no rate vote.
AI jitters and $111 oil push markets risk-off
A 32% IPO flop in Seoul revived doubts about AI spending. Brent topped $111. Treasuries caught a haven bid ahead of the Oct. 27–28 Fed meeting.
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