News updates from November 1: US says Russian actors are behind election video hoax; Moody’s says Budget creates challenges

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Gilt yields traded above 4.50 per cent during Thursday, putting the UK’s longer-term borrowing costs at their highest this year and prompting chancellor Rachel Reeves to address the situation, stressing that her “number one commitment” was to economic and fiscal stability.

The region-wide Stoxx Europe 600 was up 0.7 per cent, after a sell-off earlier in the week due to underwhelming earnings and a rise in bond yields.Paris’s Cac 40 rose 0.7 per cent, while Frankfurt’s Dax rose 0.5 per cent.

The funds provider said sell orders rose 36 per cent month-on-month to £17bn in October but fell 40 per cent overnight into Wednesday when the capital gains tax on share sales increased to 18 per cent and 24 per cent.

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Article Details

Author / Journalist: Peter Wells

Category: MarketsFinanceInvesting

Markets: United StatesAustraliaBotswanaChinaGeorgiaHaitiHong KongIndonesiaIsraelJapanSouth Korea

Topics: First Stocks Shares Week Year Investors October Friday Cent Budget

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-01 @ 23:05:37 (3 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 4470 words

Reading Time: 25 minutes read

Sentences: 173 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23422794

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About Financial Times

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 8 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

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News Language: English

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Publisher ID: #3

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