France's Market Performance Lags Amid Fiscal Concerns, Euro Hits 17-Month Low
European markets experienced mixed performance in early trading as France lagged due to ongoing fiscal concerns. The CAC index fell by nearly a percent (-0.91%), underperforming compared to London and Germany indices which showed slight gains or stability. In contrast, the German Composite PMI rose sharply to 53.8 in September from 51.8 in August, indicating stronger economic activity. Additionally, the S&P Global Germany Services PMI reached a seven-month high of 52.9 for the same period. The euro weakened significantly against the U.S. dollar, hitting its lowest level in 17 months amid growing worries about European fiscal policies and their impact on market confidence.
