Oil prices decline for a sixth session, as Saudi Arabia reportedly restarts its east-west pipeline
The picture also brightened in Germany, Europe’s largest economy.
Businesses in Germany recorded a “solid and accelerated increase” in output of goods and services at the end of the third quarter, according to the latest PMI survey from S&P Global.
German businesses reported further signs of resilience in September, with output growth picking up speed, expectations towards the outlook holding steady and employment rising for a second month running, all despite renewed pressure on the inflation front.
The flash data pointed to the strongest rise in business activity for almost a year, with the service sector finally rejoining manufacturing in growth territory after a quieter period that followed the outbreak of the Middle East war.
