The European car market experienced significant growth in October, with the registration of new cars rising by 14.6 percent compared to the previous year. This was particularly evident in France, where the increase was 21.9 percent, Italy (20 percent), Spain (18.1 percent), and Germany (4.9 percent). The market share of electric cars also increased to 14.2 percent from 12.0 percent at the same time last year.

In London, the FTSE index was down 0.1 percent, while the DAX in Frankfurt was up 0.2 percent and the CAC 40 in Paris was down 0.1 percent. In Stockholm, the OMXS30 index was also down 0.1 percent, but the Euro Stoxx 600 index was up by a similar margin of 0.1 percent across Europe as a whole.

Meanwhile, futures predict a bearish opening for Wall Street on Wednesday morning due to ongoing concerns about inflation and uncertainty surrounding upcoming mid-term elections in the United States