6,746.05ATX · Mon, Oct. 5 close · +0.41%

DailyDrop.

1.1204EUR/USD · ECB reference rate Mon, Oct. 5 · −0.19%
ATX6,746.05▲0.41%10/5EUR/USD1.1204▼0.19%10/5S&P 5007,773.95▲0.66%10/5WTI$89.43▼1.84%10/5Gold$4,156.80▼0.13%10/5
Politics · GovernmentPress ✓ 5 outlets · quotes per ORF, profil, Salzburg24

After the SPÖ shake-up, ÖVP state governors and NEOS call for stability in the government

New since yesterday: the ÖVP state governors consulted by video conference, and NEOS leader Meinl-Reisinger criticizes the long transition period. Chancellor Stocker sticks to the “autumn of results.”

After the SPÖ agreed on a staggered withdrawal by Andreas Babler, the partners in the three-party coalition have spoken up. Upper Austria’s state governor Thomas Stelzer (ÖVP) said after a video conference of the ÖVP state governors on Monday that the situation was not conducive to the stability of the federal government; what mattered was that the government remain able to work (reports from ORF, news.at and Salzburg24). The chair of the Conference of State Governors, Markus Wallner (ÖVP), had already warned before Babler’s move that the leadership debate does not help the coalition.

NEOS leader and Foreign Minister Beate Meinl-Reisinger said, according to Salzburg24, that personnel decisions of the SPÖ were a matter for the SPÖ, but that the reforms had to be implemented without further delay. ÖVP and NEOS reaffirmed the government program (trend.at, news.at). Chancellor Christian Stocker holds to his rejection of early elections and to the “autumn of results.” Profil reports that Hans Peter Doskozil of Burgenland was the first to call on Babler to resign, and that some in the ÖVP want a tougher line; these are accounts from a single outlet.

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By the numbers
3parties in the coalition: ÖVP, SPÖ, NEOS
9state governors, of whom the ÖVP group met by video
January 1, 2027planned start of the new social assistance, a first test
Science · Nobel PrizePress ✓ 5 outlets · citation per the Karolinska Institute

2026 Nobel Prize in Medicine goes to Hegemann, Nagel and Deisseroth for optogenetics

On Monday, October 5, the Karolinska Institute in Stockholm awarded the Nobel Prize in Physiology or Medicine to the Germans Peter Hegemann and Georg Nagel and the US researcher Karl Deisseroth (ZDFheute, Ärzteblatt, Spektrum, Euronews). They are honored for their discoveries on light-gated ion channels and on optogenetics, a method that makes it possible to switch nerve cells on and off with light.

Hegemann (71, Humboldt University Berlin) and Nagel (73, University of Würzburg) discovered the light-sensitive protein channelrhodopsin in a green alga; Deisseroth (54, Stanford University) turned it into a tool for brain research. The prize is worth twelve million Swedish kronor, about one million euros, to be shared. The ceremony is on December 10 in Stockholm.

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Word of the day
OptogeneticsScience

A method in which light-sensitive proteins are introduced into nerve cells so that they can be activated or stopped with light at will.


Politics · SocialPress ✓ 4 outlets · background, state of negotiations in recent days

New Social Assistance: coalition struggles over the reform, timetable for January 1, 2027 getting tight

Stocker named the social assistance reform a priority for the autumn. According to reports from ORF, news.at, oe24 and Campus A, the new social assistance is to start on January 1, 2027. According to one report, the law would have to be passed in the National Council in October so that the committee in November and the Federal Council in December can follow. Social Affairs Minister Korinna Schumann (SPÖ) has, according to the reports, presented key points with nationwide uniform fixed rates for adults, minimum rates for children and an “integration phase” for immigrants; according to another report, there is so far no finished draft law.

According to the reports, contentious are the family supplements, where ÖVP and NEOS want to cut while the SPÖ insists on fighting child poverty, and the counter-financing: the SPÖ wants to apply the top tax rate from €500,000 in annual income, which ÖVP and NEOS reject. Integration Minister Claudia Plakolm (ÖVP) held to cuts despite a critical opinion from the Constitutional Service. A quick agreement is not expected. When exactly the cited reports appeared varies; DailyDrop sees in them the state of negotiations, not a new decision from Monday.

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Economy · EuropePress ✓ 4 outlets · figures largely as of October 1

French government bonds reach highest yield since 2002 and weigh on sentiment in Europe

The yield on ten-year French government bonds rose to 4.94 percent on October 1, according to Yahoo Finance, Handelsblatt, aktien.news and Investing.com, at times approaching the 5 percent mark, as high as last in 2002. The yield spread over German federal bonds widened to 1.59 percentage points according to Bloomberg, the highest since 2012. The stock market report from Monday mentions unrest over rising bond yields, in France for example.

The government of Prime Minister Sébastien Lecornu presented a draft 2027 budget with total savings of €54 billion, including €43 billion from new measures. The debt ratio is 119 percent of economic output; for interest, Paris expects, according to Handelsblatt, almost €80 billion in 2026 and more than €91 billion in 2027. The Banque de France calls the situation “serious.” Current daily figures from Monday were not available to DailyDrop.

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Markets · Vienna Stock ExchangePress ✓ 4 outlets · prices per dpa-AFX and boerse-social

Vienna Stock Exchange: ATX gains 0.41 percent to 6,746.05 points, SBO and AT&S in demand

The ATX closed on Monday, October 5, at 6,746.05 points, up 0.41 percent from 6,718.25 on Friday (finanzen.at, finanzen.net, boerse-social, Ariva). Trading was quiet according to the reports; little moved on other European exchanges, and rising bond yields weighed. Oil stocks led: SBO gained 2.4 percent, AT&S and Raiffeisen Bank International 1.8 percent each. Porr lost 1.9 percent, Lenzing another 1.02 percent after Friday’s slump. Since the start of the year the ATX is up 26.65 percent, according to boerse-social.

The ECB reference rate was $1.1204 per euro, after $1.1225 on Friday (dpa-AFX). In the US the S&P 500 closed up 0.66 percent at 7,773.95 points, WTI lost 1.84 percent to $89.43, and gold slipped 0.13 percent to $4,156.8.

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In brief
  • ATX 6,746.05 (+0.41%); SBO +2.4%, Porr −1.9%finanzen.at, boerse-social
  • ECB reference rate $1.1204 per euro (Friday $1.1225)dpa-AFX
  • Wall Street Monday: S&P 500 7,773.95 (+0.66%), WTI $89.43 (−1.84%), gold $4,156.8 (−0.13%)Market data
  • Nobel Prize in Medicine: Hegemann, Nagel, Deisseroth for optogeneticsZDFheute, Ärzteblatt
  • France: yield on ten-year bonds around 4.9%, spread over Bunds 1.59 pointsHandelsblatt, Bloomberg
  • Stelzer: SPÖ situation not conducive to government stabilitySalzburg24, news.at
  • Trial over multimillion fraud by fake police officersORF
  • Ski resorts invest millions in snowmakingORF
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Unverified — what we could not confirm

“The coalition is about to collapse.” That is how it sounds in headlines such as “Early elections in sight?” (Exxpress) and in FPÖ demands. Stocker, Meinl-Reisinger and Stelzer speak of carrying on (Salzburg24, ORF, news.at).
“The social assistance reform has failed.” Heute and oe24 most recently wrote that the reform is wobbling. According to news.at and ORF, negotiations are continuing; there is no decision.
Glossary · dotted words — economics, law, security and science terms explained in the context of the story. The list grows every day.
INSIDEAfter the SPÖ shake-up, ÖVP state governors and NEOS call for stability in the governmentPolitics · Government2026 Nobel Prize in Medicine goes to Hegemann, Nagel and Deisseroth for optogeneticsScience · Nobel PrizeNew Social Assistance: coalition struggles over the reform, timetable for January 1, 2027 getting tightPolitics · SocialFrench government bonds reach highest yield since 2002 and weigh on sentiment in EuropeEconomy · EuropeVienna Stock Exchange: ATX gains 0.41 percent to 6,746.05 points, SBO and AT&S in demandMarkets · Vienna Stock Exchange