European shares drift to 4-month lows on mega-debt swaps, and French debt woes By Investing.com

European stocks slipped to their lowest level in nearly four months as investors dealt with multiple pressures: a surge in U.S. corporate bond supply, energy shocks tied to the Middle East, and a hawkish signal from the Federal Reserve. The pan-European Stoxx Europe 600 fell 1% to the level last seen on June 11, ending a three-session winning streak. Germany’s DAX dropped 1% and France’s CAC 40 slid 0.9%; London’s FTSE 100 was down 0.7%, while Italy’s FTSE MIB fell 1.3%. Weakness also spread into semiconductors, with Infineon down 2.7% and ASML down 2.3%. Oil and European gas futures spiked after renewed drone and missile attacks affecting shipping and energy infrastructure, while the Fed’s September minutes reinforced the view of another hike before year-end.