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Highlights

The pound remained little changed against the dollar as UK economic growth met expectations with a 0.7 percent expansion in the third quarter. Markets now await comments from Federal Reserve officials.

Sterling Holds Steady as UK Growth Beats Expectations

Burberry reported stronger than expected second quarter sales and first half profit as affordable pricing attracted younger shoppers in the US and China. Shares surged nearly 10 percent following the upbeat results.

Burberry Shares Jump After Beating Profit Forecasts

Britain's media regulator Ofcom has fined Meta £450,000 for repeatedly providing inaccurate information regarding its WhatsApp Business service during a telecoms market review. Meta cooperated with the investigation and accepted liability, resulting in a reduced penalty.

UK Fines Meta 450K Over WhatsApp Data

Recent AI stock declines have reset the convertible bond market, granting investors better pricing terms after months of issuer-friendly deals. Companies like Dropbox and Akamai recently issued notes with more favorable yields and lower conversion premiums.

AI stock rout brings better terms for convertibles

India annual retail inflation climbed to 6.09 percent in October, exceeding the central bank upper tolerance limit. Economists expect further interest rate hikes from the Reserve Bank of India following the data.

India October retail inflation rises to 6.09 percent

Anthropic is preparing for a public offering that could value the artificial intelligence startup at up to $1.4 trillion. The company aims to raise billions despite broader technology sector selloffs and rising debt costs.

Anthropic Targets $1.4T Valuation in Upcoming IPO

Nashville pending home sales dropped 21 percent in October while overall closings fell 12 percent. The shift gives buyers more negotiating leverage as inventory grows.

Nashville Home Sales Fall 21 Percent

Nasdaq and S&P 500 futures declined after Nvidia shares fell on reports that its board considered ousting CEO Jensen Huang. The turbulence weighed broadly on artificial intelligence stocks as investors awaited upcoming inflation data.

Wall Street Futures Fall as Nvidia Shares Drop

European equities reached a record high while Asian markets fell following reports of turmoil at Nvidia over its CEO. Meanwhile, US Treasury yields touched five percent and the dollar strengthened.

European Stocks Rise as Nvidia Drops Amid CEO Scandal

British finance minister John Healey said the government will pursue closer EU cooperation at next week's summit where benefits outweigh costs. Britain aims to reduce red tape in areas like food and farming while forging its own path in financial services.

Britain Seeks Closer EU Ties to Ease Costs

Market Overview

Democratic challenger Scott Colom holds a narrow lead over Republican incumbent Cindy Hyde-Smith as Mississippi awaits final election results. A historic shift leftward and high youth turnout fueled the tight race.

Colom Leads Hyde-Smith in Mississippi Senate Race

What's going on today

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  • Telefonica Raises 2026 Core Profit and Cash Flow Targets After Third Quarter Growth

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    Track corporate earnings, business performance updates, and key financial regulations shaping the market.

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    Turkey and AIIB Agree on Record 1.6 Billion Dollar Climate Financing Deal

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    ASEAN plans joint oil stockpiling scheme by 2027 for emergency supply sharing

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    Global Trade and Energy Security

    Explore how international cooperation drives sustainable trade and secures global energy stability for the future.

    Nov 12, 2026