Destatis said on Thursday seasonally and calendar-adjusted German industrial orders rose 4.4% MoM in September, below the 4.8% analyst consensus. The increase was concentrated in autos, where new orders jumped 10.5% MoM. New orders and output were depressed in the prior two months by production changeovers and plant holidays. Machinery orders rose 8.3%, supported by one large contract. A three-month smoother shows Q3 2026 new orders 0.2% higher than Q2. The German Mechanical Engineering Federati

The European Commission on Nov. 4 published its 2027 work programme, proposing measures to boost member-state competitiveness by deepening the single market, lowering energy costs and cutting administrative burdens. It plans coordinated action in 2027 to address high energy prices, further eliminate single-market barriers and establish a European Critical Raw Materials Company. The commission will table proposals to improve the savings and investment alliance and publish an AI deployment blueprint for healthcare, transport, agri-food, manufacturing, defence and aerospace. It also plans to step up defence investment and advance EU-Ukraine defence industrial cooperation to strengthen European defence capabilities.

市场消息：多位总统和国家元首抵达西班牙马德里，出席伊比利亚美洲峰会。