# European Market Report: Indices Hold Steady Amid U.S. Shutdown Anxiety and Currency Fluctuations
**Note**: This analysis is generated during European session, markets open. Event times in US Eastern Time.
## Major News
Global markets experienced mixed sentiment today as U.S. stock futures edged lower following record highs in the S&P 500 and Nasdaq. The ongoing U.S. government shutdown, now in its second week, has not significantly deterred investor confidence. S&P 500 futures fell 0.06%, while Dow and Nasdaq futures declined slightly by 0.002% and 0.08%, respectively.
In Europe, indices showed minor declines, with the Euro Stoxx 50 down 0.06%, DAX down 0.02%, and CAC 40 down 0.09%. Conversely, the FTSE 100 managed a slight gain of 0.07%. The Nikkei in Japan also saw a decline of 0.75%.
On the commodities front, copper prices rose for the fourth time in five sessions amid concerns over U.S. interest rates and supply disruptions. Gold prices in India increased, with forecasts suggesting a potential rise to $4,000 per ounce, reflecting strong buyer interest.
In currency markets, the USD/INR remained stable around 88.90, while the EUR/USD weakened to approximately 1.1705 due to political instability in France. Overall, market sentiment remains cautious yet resilient amid ongoing
## Performances
### US Futures
US futures indicate opening sign for cash market.
| Future | Price | Daily Change (%) |
|---|---|---|
| S&P 500 Futures | 6778.75 | -0.06 |
| Dow Futures | 46863.00 | -0.00 |
| Nasdaq Futures | 25148.50 | -0.08 |
### Major US Indices (Previous Close)
Previous close performance for US indices.
| Index | Price | Daily Change (%) |
|---|---|---|
| S&P 500 | 6740.29 | 0.10 |
| Dow Jones | 46693.49 | -0.18 |
| Nasdaq 100 | 24976.26 | -0.03 |
### European Indices Performance
| Index | Price | Daily Change (%) |
|---|---|---|
| Euro Stoxx 50 | 5626.24 | -0.06 |
| DAX | 24396.69 | -0.02 |
| CAC 40 | 7967.95 | -0.09 |
| FTSE 100 | 9485.36 | 0.07 |
### Nikkei Performance
| Index | Price | Daily Change (%) |
|---|---|---|
| Nikkei | 47918.05 | -0.75 |
### FX Performance
| Currency Pair | Price | Daily Change (%) |
|---|---|---|
| EUR/USD | 1.17 | -0.25 |
| USD/JPY | 150.58 | 0.17 |
| GBP/USD | 1.34 | -0.34 |
| USD/CHF | 0.80 | 0.29 |
| USD/CAD | 1.40 | 0.13 |
| AUD/USD | 0.66 | -0.45 |
| NZD/USD | 0.58 | -0.50 |
### Commodities Performance
| Commodity | Price | Daily Change (%) |
|---|---|---|
| Crude Oil | 61.86 | -0.05 |
| Gold | 3973.10 | -0.56 |
| Silver | 48.03 | -0.74 |
| Natural Gas | 3.37 | -0.27 |
### BTC and ETH Performance
| Crypto | Price | Daily Change (%) |
|---|---|---|
| Bitcoin | 123867.38 | -0.69 |
| Ethereum | 4679.29 | -0.17 |
## Economic Calendar of Today (Most Important Events)
The following table lists high-importance economic events for today, 2025-10-07, with times in US Eastern Time.
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-10-07 | 02:00 | 🇬🇧 | Medium | Halifax House Price Index (YoY) (Sep) | 1.3% | 2.2% |
| 2025-10-07 | 02:00 | 🇬🇧 | Medium | Halifax House Price Index (MoM) (Sep) | -0.3% | 0.2% |
| 2025-10-07 | 02:00 | 🇪🇺 | Medium | German Factory Orders (MoM) (Aug) | -0.8% | 1.2% |
| 2025-10-07 | 05:00 | 🇬🇧 | Medium | Mortgage Rate (GBP) (Sep) | ||
| 2025-10-07 | 08:30 | 🇺🇸 | Medium | Exports (Aug) | ||
| 2025-10-07 | 08:30 | 🇺🇸 | Medium | Imports (Aug) | ||
| 2025-10-07 | 08:30 | 🇺🇸 | Medium | Trade Balance (Aug) | -61.40B | |
| 2025-10-07 | 08:30 | 🇨🇦 | Medium | Trade Balance (Aug) | -5.70B | |
| 2025-10-07 | 10:00 | 🇺🇸 | Medium | FOMC Member Bostic Speaks | ||
| 2025-10-07 | 10:00 | 🇨🇦 | Medium | Ivey PMI (Sep) | 51.2 | |
| 2025-10-07 | 10:05 | 🇺🇸 | Medium | FOMC Member Bowman Speaks | ||
| 2025-10-07 | 11:00 | 🇺🇸 | Medium | NY Fed 1-Year Consumer Inflation Expectations (Se | ||
| 2025-10-07 | 11:30 | 🇺🇸 | Medium | FOMC Member Kashkari Speaks | ||
| 2025-10-07 | 12:00 | 🇺🇸 | Medium | EIA Short-Term Energy Outlook | ||
| 2025-10-07 | 12:00 | 🇪🇺 | Medium | German Buba President Nagel Speaks | ||
| 2025-10-07 | 12:10 | 🇪🇺 | Medium | ECB President Lagarde Speaks | ||
| 2025-10-07 | 13:00 | 🇺🇸 | Medium | 3-Year Note Auction | ||
| 2025-10-07 | 13:00 | 🇺🇸 | Medium | Atlanta Fed GDPNow (Q3) | 3.8% | |
| 2025-10-07 | 15:00 | 🇺🇸 | Medium | Consumer Credit (Aug) | 12.90B | |
| 2025-10-07 | 16:30 | 🇺🇸 | Medium | API Weekly Crude Oil Stock | ||
| 2025-10-07 | 19:50 | 🇯🇵 | Medium | Adjusted Current Account (Aug) | 2.45T | |
| 2025-10-07 | 19:50 | 🇯🇵 | Medium | Current Account n.s.a. (Aug) | 3.540T | |
| 2025-10-07 | 20:30 | 🇦🇺 | Medium | Building Approvals (MoM) (Aug) | -6.0% | |
| 2025-10-07 | 20:30 | 🇦🇺 | Medium | NAB Business Confidence (Sep) | ||
| 2025-10-07 | 21:00 | 🇳🇿 | High | RBNZ Interest Rate Decision | 2.75% | |
| 2025-10-07 | 21:00 | 🇳🇿 | Medium | RBNZ Rate Statement |
**Notes**:
– **Cur**: Currency associated with the event (with flag emoji).
– **Imp**: Importance (High, Medium, Low, None).
– **Actual**: Reported value (if available).
– **Forecast**: Expected value (if available).
On October 7, 2025, significant economic events are poised to influence currency markets, particularly for the GBP, EUR, and USD.
The Halifax House Price Index for September revealed a disappointing 1.3% year-over-year growth, falling short of the anticipated 2.2%. Additionally, the month-over-month index showed a decline of 0.3% against a forecast of 0.2%. This underperformance may exert downward pressure on the GBP as it reflects weakening housing market conditions.
In the Eurozone, German Factory Orders for August reported a sharp decline of 0.8%, significantly below the expected 1.2% increase. This negative surprise could weigh on the EUR, signaling potential economic slowdown concerns in Germany.
For the USD, the Trade Balance data is anticipated, with a forecasted deficit of $61.4 billion for August. Market reactions may hinge on the actual figures, especially considering ongoing discussions regarding trade dynamics.
Additionally, speeches from various FOMC members, including Bostic, Bowman, and Kashkari, will be closely monitored for insights into monetary policy direction. The impact of these events on the respective currencies will largely depend on how they align with market expectations and overall economic sentiment.
## Remaining Economic Calendar Comment for the Week (Important Events Only)
The week of October 6, 2025, is marked by several significant economic events that could influence market sentiment and currency valuations. Key events include multiple speeches from European Central Bank (ECB) officials, particularly President Christine Lagarde, which may provide insights into future monetary policy directions. Market participants are keenly watching for any shifts in tone regarding interest rates or economic outlooks.
In the UK, the S&P Global Construction PMI for September came in at 46.2, slightly above the forecast of 46.1, suggesting marginal resilience in the construction sector. However, the Halifax House Price Index showed disappointing results, with a year-on-year increase of only 1.3%, below the expected 2.2%, which may weigh on the GBP.
In Japan, household spending figures exceeded expectations, with a month-on-month rise of 0.6% versus a forecast of 0.1%, indicating stronger consumer activity, likely supporting the JPY.
The US will also release critical data, including the Trade Balance and Consumer Credit figures. The expectation of a trade deficit of -61.40B could exert pressure on the USD if the actual figures deviate significantly. Overall, these events are likely to create volatility in the currency markets, particularly for the EUR, GBP, and JPY.
