U.S. Trade Representative Greer said Europe must take action on excess capacity.

Refinitiv cites three sources saying the U.S. has told Germany and France to release emergency diesel stocks to ease global fuel prices, warning they could face a possible U.S. diesel export ban if they do not. U.S. shipments now account for a growing share of diesel supplied to Europe. A recent surge in U.S. retail diesel prices and inflationary pressure ahead of the midterm elections has prompted Trump and advisers to discuss an export ban; Trump on Sept. 30 said he was still weighing options including a ban and acknowledged it could lower diesel prices but lift gasoline prices.

Switzerland September SVME Purchasing Managers' Index (PMI) 55.3; consensus 56.0; prior 57.1.