Essay by Eric Worrall
Drill, baby, drill.
Stocks mixed as inflation worry weighs on Europe
European markets were hit by a string of strong inflation readings
Jeremy CutlerWednesday 30 September 2026 17:30 BST
The FTSE 100 fell on Wednesday, on a mixed day for stocks in London, as investors weighed inflation data in Europe and the US, lower oil prices and strong domestic economic growth data.
In London, the FTSE 100 index ended down 30.71 points, 0.3%, at 10,606.00. The FTSE 250 rose 165.18 points, 0.7%, to 24,539.99, and the AIM all-share firmed 1.24 points, 0.2%, at 787.40.
European markets were hit by a string of strong inflation readings. The CAC 40 in Paris ended down 0.9%, while the DAX 40 in Frankfurt closed 0.8% lower.
France’s annual inflation rate hit its highest level since February 2024, while in Italy, inflation was at 4.2%, nearly a full percentage point above the rate recorded in August. In Germany, the annual consumer price inflation rate is expected to have risen to 3.3% in September from 2.9% in August and 2.8% in July.
…In New York, the mood was brighter. The Dow Jones Industrial Average was up 0.1% at the time of the closing bell in London. The S&P 500 was 0.6% higher, and the Nasdaq Composite climbed 1.0%.
Figures in the US showed the economy grew faster-than-expected in the second quarter, while a closely watched inflation figure cooled more than projected.
The Bureau of Labour Statistics said US gross domestic product rose 2.2% on an annualised basis quarter-on-quarter, upwardly revised from an initially reported 1.5% increase.
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Read more: https://www.independent.co.uk/news/business/london-frankfurt-aim-paris-italy-b3059232.html
President Trump warned Europe in 2018 their neglect of domestic fossil fuel resource development was a threat to their economies, and they laughed at him.
President Putin was recorded laughing at Europe’s stupidity;
But Europe ignored the warnings, and is now paying the price for their high risk pivot to renewables – a pivot which has failed to deliver energy security and affordability.
Australia also neglected domestic fossil fuel production. 25 years ago we had energy independence – but our worthless politicians frittered our energy security away, with their conceited ignorance and green mania. Our Prime Minister just received a Global Citizen award for his zealous pursuit of economically damaging globalist mandates – but back in Australia, right now we’re not even sure our farmers will have enough fuel to harvest this year’s crops.
The US economy is not perfect – prices in some sectors have risen, and the AI boom has badly strained the system, as all industrial revolutions strain their host economies. Rising US government debt is a big problem. But any time you think about the daily hardships you face, spare a thought for nations whose leaders didn’t have the foresight to prioritise energy abundance. Because whatever is happening in your back yard, it could have been a whole lot worse.
