Italian inflation came in hotter than expected in September, hitting its highest level since 2023, and that is keeping bond yields elevated across Europe. Manufacturing offered a s
Italian inflation came in hotter than expected in September, hitting its highest level since 2023, and that is keeping bond yields elevated across Europe. Manufacturing offered a small bright spot, with the sector showing marginal improvement and edging back into expansion territory. Equities opened lower amid the inflation and yield pressure, and the government continues pushing Brussels for more budget flexibility as it weighs the cost-of-living squeeze.
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