UK Sep non-seasonally adjusted core output PPI m/m 0.2%; prior revised to 0.2% from 0.3%.

U.S. Treasury Secretary Bessent said he does not expect turmoil in the French bond market to spill over to other markets after French yields surged, raising broader questions about the country's fiscal position. He noted France is under strain amid weeks of protests and recent weekend riots and that French debt has lagged peers as the government seeks to rein in its deficit, but said President Macron’s economic team is strong. 'I expect the situation in France will not spill over to other markets,' Bessent said, adding that while the move was unexpected, capital has flowed from some concerning countries into U.S. Treasuries as investors seek safety.

France's 10-year bond yield rose to 5% on Wednesday, a 24-year high, signaling investor concern about the country's fragile fiscal position. Global yields have climbed this year after central banks tightened amid surging energy prices, but France's borrowing costs have risen faster than most peers; the spread to the 10-year German bund is about 157 bps, near its widest since 2011. Markets say French debt is under extra pressure as a weakened government seeks to pass a deficit-cutting budget amid large-scale protests and a hotly contested election next year.