Meanwhile, the US100 gained 1.35% to 27,106, bringing its four-week advance to 11.67%. Trading Economics nevertheless projects lower index levels by quarter-end.

EUR/USD recovered toward 1.1150 as Eurozone inflation reached 4%, strengthening expectations of a December ECB rate hike. Policymakers in Germany and Italy signaled support for tighter policy, while the dollar eased despite growing expectations of another Fed increase.

Gold rose above $4,100 as falling oil prices eased inflation concerns. Brent hovered near $98 after President Trump suggested further strikes on Iran were unlikely if nuclear negotiations and efforts to reopen the Strait of Hormuz progressed. 

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