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Euro zone inflation hits 4% in October, highest in 3 years, driven by soaring energy costs.

Market News
04 Nov 2026, 12:47 WIB
CNBC
View Source
Bearish
Euro zone inflation hits 4% in October, highest in 3 years, driven by soaring energy costs.

Inflation in the euro zone rose to 4% in October, the highest level in three years, mainly due to a sharp increase in energy prices, which jumped to 20.8%. This rise keeps pressure on the European Central Bank (ECB) to consider another interest rate hike at its December meeting, with markets now pricing over a 72% chance of a rate increase. However, political unrest in France may complicate the ECB's policy decisions. Despite the inflation spike, underlying inflation and wages remain stable across the region.

Euro zone inflation reached 4% in October, the highest in three years, amid rising energy prices. For readers following Pluang's market, here is the snapshot as of Nov 04, 2026 15:01 WIB: out of 150 US stocks, 64 rose and 81 fell. Adobe Systems Inc (ADBE) traded at USD 238.21 with a 3.22% decline and a Pluang order activity of 81% Sell / 19% Buy, FuelCell Energy Inc (FCEL) rose 2.77% to USD 11.52 with 9% Sell / 91% Buy, and Palantir Technologies Inc (PLTR) fell 2.43% to USD 171.13 with 56% Sell / 44% Buy.

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