Why it matters
- The STOXX 600 was at about 646.94 around 13:50 GMT on Monday, Nov. 2, up 0.03% from Friday, Yahoo Finance data showed. Alstom fell about 26.5% after cutting its guidance again, Trading Economics said.
- Euro-area manufacturing grew for a ninth straight month. The S&P Global Eurozone Manufacturing PMI was 52.7 in October, down from 52.9, S&P Global said.
- The S&P Global UK Manufacturing PMI rose to a five-month high of 52.8 from 51.9, ahead of the Bank of England's decision on Thursday, Nov. 5.
Session recap: what happened in this region's trading day, with sources.
European stocks were little changed on Monday, Nov. 2, as falling oil prices hit energy shares and a guidance cut sent Alstom tumbling. The STOXX 600 was at about 646.94 around 13:50 GMT, up 0.03% from Friday, according to Yahoo Finance data. Factory surveys stayed solid: S&P Global said euro-area manufacturing PMI was 52.7 in October and the U.K.'s 52.8.
| Market, about 13:50 GMT | Level | Day |
|---|---|---|
| STOXX Europe 600 | 646.94 | +0.03% |
| Euro STOXX 50 | 6,153.65 | +0.36% |
| DAX (Germany) | 25,884.50 | +0.26% |
| FTSE 100 (U.K.) | 10,726.36 | −0.03% |
| CAC 40 (France) | 8,001.45 | +0.40% |
| IBEX 35 (Spain) | 18,821.70 | +0.90% |
Source: Yahoo Finance chart data. Levels are intraday, delayed and approximate; changes are from Friday, Oct. 30, closes.
What did the euro-area manufacturing PMI show?
The S&P Global Eurozone Manufacturing PMI was 52.7 in October, a two-month low, from 52.9 in September, which was the highest since May 2022, S&P Global said at 09:00 GMT. It was the ninth straight month above 50. The output index fell to 52.8 from 53.6, a four-month low.
Six of the eight countries covered grew. France and Italy contracted, the release said. Input costs rose at the fastest pace since May. Chris Williamson, chief business economist at S&P Global Market Intelligence, said the data "add to pressure on the ECB to hike rates further in the coming months." The ECB held its deposit rate at 2.50% on Oct. 29.
What did the U.K. manufacturing PMI show?
The S&P Global UK Manufacturing PMI rose to 52.8 in October from 51.9, a five-month high and unchanged from the flash estimate, S&P Global said at 09:30 GMT. Output grew at a 25-month high. Employment was unchanged after six months of hiring. Data were collected Oct. 12-27, before the Oct. 28 Autumn Budget.
| Manufacturing PMI | September | October |
|---|---|---|
| Euro area (S&P Global) | 52.9 | 52.7 |
| United Kingdom (S&P Global) | 51.9 | 52.8 |
Source: S&P Global PMI releases, Nov. 2, 2026.
Which European stocks are moving?
Alstom was down about 26.5% around 13:50 GMT, Yahoo Finance data showed, after it cut guidance again, Trading Economics said. Oil kept falling on reports that the U.S. and Iran are pursuing diplomatic options to end their conflict, it said, and energy shares lagged. Novartis was down about 1.8%, AstraZeneca 1.3%, TotalEnergies 1.9%, Shell 1.6% and BP 2.3%, Yahoo Finance data showed.
Banks and chipmakers rose. Infineon was up about 2.9%, UniCredit 1.6%, Banco Santander 1.4% and Deutsche Bank 1.0%, while ASML edged up 0.4%. Rio Tinto rose about 1.5% in London.
Why is the FTSE 100 down today?
Energy shares weighed on London. The FTSE 100 was down about 0.03%, Yahoo Finance data showed, as BP and Shell fell with oil, Trading Economics said. Investors are also positioning before the Bank of England's Monetary Policy Committee announces its decision on Thursday, Nov. 5, the BoE's schedule shows. Bank Rate is 3.75%.
What is moving oil and currencies?
January Brent was at about $106.71 a barrel around 13:50 GMT, down 5.92% from Friday's $113.43 settlement reported by Reuters, Yahoo Finance data showed. The euro was at about $1.1216, up 0.3%, and the pound at about $1.3411.
What comes next for European markets?
Asia's session and China's PMIs are in our Asia Monday recap, and U.S. futures, oil and this week's calendar are in our day-ahead guide. Friday's session is in our Europe Friday recap, and live levels are on the markets page.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- S&P Global, S&P Global Eurozone Manufacturing PMI, October 2026 (Nov. 2, 2026)
- S&P Global, S&P Global UK Manufacturing PMI, October 2026 (Nov. 2, 2026)
- S&P Global, PMI release calendar
- Bank of England, upcoming MPC dates
- European Central Bank, monetary policy decisions (Oct. 29, 2026)
- Trading Economics, Euro area stock market
- Trading Economics, United Kingdom stock market (FTSE 100)
- Yahoo Finance, chart data for the STOXX 600, Euro STOXX 50, DAX, FTSE 100, CAC 40, IBEX 35, Alstom, Novartis, AstraZeneca, TotalEnergies, Shell, BP, Infineon, UniCredit, Banco Santander, Deutsche Bank, ASML, Rio Tinto, January Brent, EUR/USD and GBP/USD