European equities opened lower: Euro Stoxx 50 down 0.5%, Germany's DAX down 0.7%, UK’s FTSE 100 down 1.1%, France's CAC 40 down 0.6%, Spain's IBEX 35 down 0.6%.

China said in a finance ministry article published Oct. 1 it will step up counter‑cyclical fiscal support and deepen reforms. Near term it will keep a reasonable deficit and spending scale and use government bonds, including ultra‑long special sovereign bonds and special‑purpose bonds, to ease short‑term economic volatility. Over the longer term it will advance fiscal‑tax reform and strengthen fiscal management to remove bottlenecks to high‑quality growth and improve policy effectiveness.

Zevos, recently appointed as an adviser to US Treasury Secretary Bessent, delivered remarks.