Tokyo Used Condo Prices Drop for Third Month in Correction Sign

European stocks were subdued, with the macro outlook back in focus as traders looked to data for clues about the health of the region’s economy.

Anna Edwards, Guy Johnson, Tom Mackenzie and Mark Cudmore break down today's key themes for analysts and investors on Bloomberg: The Opening Trade. (Source: Bloomberg)

European gas prices will likely need to rise above €100 ($117) a megawatt-hour in December for the continent to rebuild enough inventory to last the winter, according to Goldman Sachs Group Inc.

Iran’s oil shipments to Asia have all but dried up, driving the cost of those cargoes to the highest levels in years even before the US administration announces fresh moves to isolate Tehran and its trading partners.

Two Japanese bond auctions next week may challenge US Treasury Secretary Scott Bessent’s efforts to subdue longer-maturity Treasury yields.

The Rausing family, which made a fortune from Tetra Pak cartons, sold more than $1 billion of US equities in the second quarter, joining the global rich that are trimming bets in the world’s biggest stock market.