London Open Briefing: Wednesday, September 30, 2026

London traders begin their session following a mixed Asian handover, with the JP225 up 1.35% and the UK100 showing a 0.59% gain. The broader market sentiment leans slightly risk-off, indicated by the Risk Meter at -0.30. In currency markets, the JPY has been the strongest performer over the last 24 hours, up 0.44%, while the AUD has seen the most weakness, down 0.39%. USDJPY is down 0.41%, with XAUUSD gaining 0.36% and NZDUSD up 0.35%.

Early European data from France presented a mixed picture. Consumer spending for September came in at -0.5% month over month, below the 0% consensus. However, inflation figures surprised to the upside, with PPI m/m at 1% against a -0.1% consensus, and CPI y/y reaching 3% compared to a 2.6% consensus. Similarly, HICP y/y was 3.4% against a 3% consensus. Conversely, CPI m/m was -0.3% and HICP m/m was -0.4%, both below consensus.

Looking ahead in the European session, Germany Unemployment figures are due at 07:55 UTC, with consensus at 2.992M. Later in the day, attention will shift to a series of high-impact US releases. These include the ADP Nonfarm Employment Change at 12:15 UTC, expected at 41K, followed by US Core PCE Price Index m/m and US GDP q/q at 12:30 UTC. Consensus for Core PCE m/m is 0.3% and for GDP q/q is 1.5%. The MNI Chicago Business Barometer is also scheduled for 13:45 UTC.

Traders will likely focus on the upcoming US inflation and employment data for market direction.

Scheduled this session (High and Medium impact)

Times are UTC. This brief describes measured market state and the published schedule. It is not financial advice and nothing in it is a trade recommendation.