The British pound is climbing against the dollar and Gilts are also on the rise after British Chancellor Hunt reversed most of the fiscal decisions made by Prime Minister Truss in an announcement that was originally scheduled for the end of October.
There is also some speculation that Prime Minister Truss could be forced out.
The European Commission is expected to continue discussing ways to deal with the energy crisis at a meeting on Tuesday.
European Central Bank policymaker Kazaks said that a 75-bps rate hike should be made in October and followed by another “big” increase in December.
Italy’s September CPI 0.3% m/m, as expected (last 0.8%); 8.9% yr/yr, as expected (last 8.4%)