European markets react to inflation data and Fed signals

European stock markets are showing mixed movement as investors react to inflation data and central bank signals. While some indices like the DAX and FTSE 100 have seen gains, concerns persist regarding rising inflation in France, Italy, and Spain, driven largely by energy costs. Analysts suggest that high inflation figures could influence the European Central Bank to consider interest rate hikes to meet its 2% target.

In corporate news, the automotive group Stellantis announced temporary production halts at its Sochaux and Rennes plants scheduled for late October due to a battery shortage. Additionally, biotech firm DBV Technologies reported that the U.S. Food and Drug Administration (FDA) has accepted its Biologics License Application (BLA) for the Viaskin Peanut patch, intended for treating peanut allergies in children aged 4 to 7.

Global market sentiment is also being shaped by the U.S. Federal Reserve, with markets adjusting expectations regarding potential interest rate adjustments.