Writing the summary…
The U.S. just made it much easier for retail investors to access private markets
Source: CNBC
Original reporting
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The Guardian
UK house price growth halves amid rising mortgage interest rates
Prices fell by 0.2% month on month in September as average price of a home slipped to £274,251, says Nationwide Business live – latest updates Annual house price growth halved in the UK last month, as economic uncertainty sparked by conflict in the Middle East continued to deter homebuyers. The average price of a British home rose 0.8% in the year to September to £274,251, according to Nationwide . That was half the rate recorded in August , when house prices grew 1.6% year on year. It also marked the slowest pace of home price growth since December last year. Continue reading...
The Guardian
UK 30-year borrowing costs hit 6%, highest since 1998, as government bond sell-off intensifies – business live
Global bond rout kicks off again, with US 10-year Treasury yields hitting highest since 2002 What is driving the global bond market sell-off? Mohit Kumar, economist at Jefferies, cites worries about the amount of debt being issued to fund government deficits, as well as inflation concerns, telling clients: Inflation, deficit and issuance concerns continue to weigh on the bond market. There is also a buyers strike on the street as investors do not want to step in till we get some form of stability. Hedge Funds have suffered in the latest round of sell-off and do not have the risk appetite to fade the move. Real money, potentially has the risk appetite, but won’t step in till we get some stability. Continue reading...
BBC Business
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Employers should teach primary-age children about work, says Milburn
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CNBC
South Korean President Lee pushes back on Alaska LNG project after Trump touts Seoul's participation
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CNBC
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