Baltic Capesize Index fell 2.79% to $48,954.

Oxford Economics says its US business‑cycle indicator has fallen into the recession zone, driven by higher energy prices that have squeezed household real incomes and slower immigration that is weakening the employment growth trend. The firm cautions the indicator may not definitively signal a recession, citing continued strong productivity growth and a wealth effect that is sustaining consumer spending; households have not shown the consumption downgrading typical ahead of or during recessions. Oxford adds that AI infrastructure spending, elevated corporate profit margins and recent tax cuts are still underpinning business investment, while tariffs and policy uncertainty remain downside risks.

德國DAX30指數9月25日（週五）開盤上漲207.01點，漲幅0.82%，報25462.93點； 英國富時100指數9月25日（週五）開盤上漲48.50點，漲幅0.45%，報10728.49點； 法國CAC40指數9月25日（週五）開盤上漲50.20點，漲幅0.62%，報8131.63點； 歐洲斯托克50指數9月25日（週五）開盤上漲55.55點，漲幅0.89%，報6328.05點； 西班牙IBEX35指數9月25日（週五）開盤上漲134.41點，漲幅0.69%，報19707.81點； 意大利富時MIB指數9月25日（週五）開盤上漲508.05點，漲幅0.99%，報52051.50點。