America News Agency

Milan-listed shares of Dodge-maker Stellantis shed 14.6 percent after the automaker trimmed its 2024 annual guidance amid deteriorating “global industry dynamics” and bolstered competition from China.

France’s Renault traded more than 6 percent lower on Monday, with German automakers Porsche down around 4 percent and Volkswagen around 3 percent lower.

Overnight in the Asia-Pacific region, stocks in mainland China spiked over 8 percent while Japan’s Nikkei 225 tumbled nearly 5 percent as investors assessed key economic data from the two countries.

Separate data from Japan showed that industrial production dropped 4.9 percent year over year in August, exceeding the 0.4 percent fall the previous month.

U.S. stock futures changed slightly on Monday after major U.S. averages logged their third consecutive week of gains.

The figures will likely boost the chances of another interest rate cut from the European Central Bank (ECB). Last week, preliminary data showed the harmonized inflation rate in both France and Spain plunged below the ECB’s 2 percent target in September.

U.K. house prices rose at their fastest annual pace in two years in September, according to figures published Monday by mortgage lender Nationwide.

U.K. gross domestic product was estimated to have grown by 0.5 percent in the second quarter, according to data published Monday by the Office for National Statistics. That’s down from a previous estimate of 0.6 percent.