# European Markets Navigate Government Shutdown Concerns Amid Mixed Index and FX Performance
**Note**: This analysis is generated during European session, markets open. Event times in US Eastern Time.
## Major News
Global markets are reacting to the U.S. government shutdown, which commenced after Congress failed to pass funding bills. This shutdown is expected to furlough hundreds of thousands of federal workers and delay key economic data, contributing to a cautious market sentiment. U.S. stock futures are lower, with S&P 500 futures down 0.32%, Dow futures falling 0.25%, and Nasdaq futures declining 0.42%.
In Europe, indices showed mixed performance; the Euro Stoxx 50 rose slightly by 0.06%, while the DAX increased by 0.26%. Conversely, the CAC 40 dipped 0.05%, and the FTSE 100 gained 0.46%. The Nikkei in Japan fell 0.60%, reflecting broader concerns over global economic stability.
In commodity markets, gold prices continue to rally, trading near record highs above $3,870, as investors seek safe havens amid the uncertainty surrounding the shutdown. The sentiment in cryptocurrency markets remains cautious, with no significant movements reported.
Additionally, Warren Buffett is reportedly pursuing Berkshire Hathaway’s largest deal since 2022, potentially impacting market dynamics if finalized. Overall, market participants are closely monitoring the implications of the government shutdown on economic indicators and
## Performances
### US Futures
US futures indicate opening sign for cash market.
| Future | Price | Daily Change (%) |
|---|---|---|
| S&P 500 Futures | 6688.00 | -0.32 |
| Dow Futures | 46381.00 | -0.25 |
| Nasdaq Futures | 24673.25 | -0.42 |
### Major US Indices (Previous Close)
Previous close performance for US indices.
| Index | Price | Daily Change (%) |
|---|---|---|
| S&P 500 | 6687.06 | 0.46 |
| Dow Jones | 46391.43 | 0.24 |
| Nasdaq 100 | 24678.75 | 0.32 |
### European Indices Performance
| Index | Price | Daily Change (%) |
|---|---|---|
| Euro Stoxx 50 | 5516.22 | 0.06 |
| DAX | 23816.44 | 0.26 |
| CAC 40 | 7890.14 | -0.05 |
| FTSE 100 | 9393.18 | 0.46 |
### Nikkei Performance
| Index | Price | Daily Change (%) |
|---|---|---|
| Nikkei | 44562.95 | -0.60 |
### FX Performance
| Currency Pair | Price | Daily Change (%) |
|---|---|---|
| EUR/USD | 1.18 | 0.25 |
| USD/JPY | 147.09 | -0.55 |
| GBP/USD | 1.35 | 0.22 |
| USD/CHF | 0.79 | -0.21 |
| USD/CAD | 1.39 | -0.06 |
| AUD/USD | 0.66 | 0.05 |
| NZD/USD | 0.58 | 0.35 |
### Commodities Performance
| Commodity | Price | Daily Change (%) |
|---|---|---|
| Crude Oil | 62.77 | 0.42 |
| Gold | 3907.30 | 0.46 |
| Silver | 47.44 | 0.27 |
| Natural Gas | 3.37 | 0.72 |
### BTC and ETH Performance
| Crypto | Price | Daily Change (%) |
|---|---|---|
| Bitcoin | 114570.47 | 0.43 |
| Ethereum | 4150.97 | 0.03 |
## Economic Calendar of Today (Most Important Events)
The following table lists high-importance economic events for today, 2025-10-01, with times in US Eastern Time.
| Date | Time | Cur | Imp | Event | Actual | Forecast |
|---|---|---|---|---|---|---|
| 2025-10-01 | 00:30 | 🇮🇳 | Medium | Interest Rate Decision | 5.50% | 5.50% |
| 2025-10-01 | 00:30 | 🇮🇳 | Medium | RBI Financial Stability Report | ||
| 2025-10-01 | 02:00 | 🇬🇧 | Medium | Nationwide HPI (YoY) (Sep) | 2.2% | 1.8% |
| 2025-10-01 | 02:00 | 🇬🇧 | Medium | Nationwide HPI (MoM) (Sep) | 0.5% | 0.2% |
| 2025-10-01 | 03:15 | 🇪🇺 | Medium | HCOB Spain Manufacturing PMI (Sep) | 51.5 | 53.8 |
| 2025-10-01 | 03:30 | 🇨🇭 | Medium | procure.ch Manufacturing PMI (Sep) | 46.3 | 47.9 |
| 2025-10-01 | 03:30 | 🇪🇺 | Medium | ECB’s Elderson Speaks | ||
| 2025-10-01 | 03:45 | 🇪🇺 | Medium | HCOB Italy Manufacturing PMI (Sep) | 49.0 | 49.9 |
| 2025-10-01 | 03:50 | 🇪🇺 | Medium | HCOB France Manufacturing PMI (Sep) | 48.2 | 48.1 |
| 2025-10-01 | 03:55 | 🇪🇺 | Medium | HCOB Germany Manufacturing PMI (Sep) | 49.5 | 48.5 |
| 2025-10-01 | 03:55 | 🇪🇺 | Medium | ECB’s De Guindos Speaks | ||
| 2025-10-01 | 04:00 | 🇪🇺 | Medium | HCOB Eurozone Manufacturing PMI (Sep) | 49.8 | 49.5 |
| 2025-10-01 | 04:30 | 🇬🇧 | Medium | S&P Global Manufacturing PMI (Sep) | 46.2 | |
| 2025-10-01 | 05:00 | 🇪🇺 | Medium | German Buba Mauderer Speaks | ||
| 2025-10-01 | 05:00 | 🇪🇺 | Medium | Core CPI (YoY) (Sep) | 2.3% | |
| 2025-10-01 | 05:00 | 🇪🇺 | Medium | CPI (MoM) (Sep) | ||
| 2025-10-01 | 05:00 | 🇪🇺 | High | CPI (YoY) (Sep) | 2.2% | |
| 2025-10-01 | 05:30 | 🇪🇺 | Medium | German 10-Year Bund Auction | ||
| 2025-10-01 | 05:55 | 🇬🇧 | Medium | BoE MPC Member Mann Speaks | ||
| 2025-10-01 | 06:00 | 🇺🇸 | Medium | OPEC Meeting | ||
| 2025-10-01 | 07:00 | 🇪🇺 | Medium | German Buba President Nagel Speaks | ||
| 2025-10-01 | 08:15 | 🇺🇸 | High | ADP Nonfarm Employment Change (Sep) | 52K | |
| 2025-10-01 | 09:45 | 🇺🇸 | High | S&P Global Manufacturing PMI (Sep) | 52.0 | |
| 2025-10-01 | 10:00 | 🇺🇸 | Medium | Construction Spending (MoM) (Aug) | -0.1% | |
| 2025-10-01 | 10:00 | 🇺🇸 | Medium | ISM Manufacturing Employment (Sep) | ||
| 2025-10-01 | 10:00 | 🇺🇸 | High | ISM Manufacturing PMI (Sep) | 49.0 | |
| 2025-10-01 | 10:00 | 🇺🇸 | High | ISM Manufacturing Prices (Sep) | 62.7 | |
| 2025-10-01 | 10:30 | 🇺🇸 | High | Crude Oil Inventories | 1.500M | |
| 2025-10-01 | 10:30 | 🇺🇸 | Medium | Cushing Crude Oil Inventories | ||
| 2025-10-01 | 12:00 | 🇷🇺 | Medium | Retail Sales (YoY) (Aug) | 2.3% | |
| 2025-10-01 | 12:00 | 🇷🇺 | Medium | Unemployment Rate (Aug) | 2.2% | |
| 2025-10-01 | 13:00 | 🇺🇸 | Medium | Atlanta Fed GDPNow (Q3) | 3.9% | |
| 2025-10-01 | 14:05 | 🇨🇦 | Medium | BoC Senior Deputy Governor Rogers Speaks | ||
| 2025-10-01 | 21:30 | 🇦🇺 | Medium | RBA Financial Stability Review (Aug) | ||
| 2025-10-01 | 21:30 | 🇦🇺 | Medium | Trade Balance (Aug) | 6.130B | |
| 2025-10-01 | 23:35 | 🇯🇵 | Medium | 10-Year JGB Auction |
**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 1, 2025, several significant economic events are poised to influence global markets, particularly in currency trading.
At 00:30 ET, the Reserve Bank of India (RBI) announced an interest rate decision, maintaining the rate at 5.50%, aligning with market expectations. This stability may support the Indian Rupee (INR) as investors seek consistency amid global uncertainties.
The UK data releases at 02:00 ET revealed a stronger-than-expected Nationwide House Price Index (HPI) growth of 2.2% YoY and 0.5% MoM, surpassing forecasts of 1.8% and 0.2%, respectively. This positive surprise could bolster the British Pound (GBP) as it reflects resilience in the housing market.
Conversely, European manufacturing PMI figures released between 03:15 and 04:00 ET indicated weaker performance, with Spain (51.5) and Italy (49.0) underperforming expectations, while Germany (49.5) slightly exceeded forecasts. The overall Eurozone PMI came in at 49.8, marginally above expectations but still indicating contraction, which may pressure the Euro (EUR).
In the U.S., key indicators including the ISM Manufacturing PMI and ADP Nonfarm Employment Change are scheduled for release later in the day, with expectations of 49.0 and 52K, respectively. These figures will likely impact the US Dollar (USD) as investors
## Remaining Economic Calendar Comment for the Week (Important Events Only)
In the week of September 29, 2025, several key economic events influenced market sentiment. Notably, Spanish CPI for September came in at 2.9%, below the forecast of 3.1%, potentially indicating easing inflation pressures in the Eurozone, which could impact the EUR negatively. Conversely, the German CPI was slightly above expectations at 2.4%, suggesting persistent inflationary pressures, which may support the EUR.
The U.S. Pending Home Sales dramatically outperformed expectations, rising 4.0% against a forecast of 0.2%, signaling strong housing market resilience and potentially bolstering the USD. However, the Chicago PMI fell to 40.6, significantly below the forecast of 43.4, raising concerns about manufacturing activity, which could weigh on the USD.
In Japan, the Industrial Production for August dropped by 1.2%, worse than the anticipated decline of 0.7%, indicating economic weakness that may pressure the JPY. Additionally, the Tankan survey revealed mixed results, with the Large Manufacturers Index meeting expectations but the outlook index missing forecasts, suggesting cautious sentiment among Japanese businesses.
Overall, the week’s events highlighted diverging economic conditions, particularly between the U.S. and Eurozone, influencing currency valuations and market expectations.
