Spain's economy grows 0.6% in third quarter, in line with forecasts

Glencore's shares surged by 5% following a strong performance in copper and coal production that exceeded market expectations. This positive news reflects the company's robust operational capabilities and may signal a promising outlook for investors. As demand for these commodities remains high, Glencore's ability to outperform forecasts could enhance its market position and attract further investment.

A recent study reveals that Russian consumers are hoarding gold at a rate that could match the state reserves of Spain or Austria. This trend highlights the growing popularity of gold as a savings option in Russia over the past four years, reflecting a shift in consumer behavior and economic strategy. As people seek stability in uncertain times, this surge in gold purchases could have significant implications for both the Russian economy and global gold markets.

UBS analysts predict that the Bank of England will maintain its interest rates at 4% in the upcoming meeting. This decision is crucial as it reflects the central bank's stance on managing inflation and supporting economic stability. Keeping rates steady could signal confidence in the current economic conditions, but it also raises questions about future monetary policy adjustments.

Goldman Sachs has updated its predictions regarding the Bank of England, now forecasting a rate cut in November. This shift is significant as it reflects changing economic conditions and could impact borrowing costs for consumers and businesses alike. A rate cut may stimulate economic growth by making loans cheaper, which is crucial in the current financial climate.

The dollar is experiencing gains as optimism surrounding trade negotiations grows, especially with the Federal Reserve's upcoming decision on interest rates. This positive sentiment in the markets reflects a belief that trade tensions may ease, which could bolster economic growth. Investors are closely watching these developments, as they could significantly impact currency values and overall market stability.

Santander UK is calling on the government to step in regarding the £11 billion car finance compensation scheme, warning that the current proposals could have serious repercussions for jobs, supply chains, and the overall UK economy. This situation is critical as it highlights the potential economic fallout from financial regulations, affecting not just the automotive sector but also the livelihoods of many workers and the stability of the market.

As the Federal Reserve prepares for its October meeting, all eyes are on potential changes to interest rates and their implications for the economy. With inflation concerns still looming, the decisions made during this meeting could significantly impact financial markets and consumer spending. Investors and economists alike are eager to see how the Fed balances the need to control inflation while supporting economic growth.

The article discusses the current state of U.S. manufacturing through four charts, highlighting the mixed results of President Trump's efforts to revitalize the industry. While there are signs of growth in certain sectors, challenges remain, making it unclear if his promises to bring factories back are being fully realized. This matters as manufacturing is a key component of the U.S. economy and impacts job creation and economic stability.

Next is on track to report a pre-tax profit exceeding £1.1 billion by the end of January 2026, despite the recent cyber-attack on M&S. This is significant as it highlights Next's resilience and ability to thrive in challenging circumstances, showcasing strong business performance that could inspire confidence among investors and stakeholders.

Chancellor Reeves is taking a bold stance against pessimistic economic forecasts, emphasizing that investment is key to enhancing the UK's productivity. This approach is significant as it aims to inspire confidence in the economy and encourage growth, which could lead to improved job opportunities and overall prosperity for the nation.

Norway's sovereign-wealth fund has reported a remarkable 5.8% return in the third quarter, largely fueled by robust performance in sectors like basic materials, telecommunications, and finance. This growth is significant as it reflects the resilience of the fund amidst fluctuating market conditions, showcasing Norway's strategic investment approach and its potential to support the country's economy.

Assystem's shares have seen a notable increase following their Q3 revenue report, which exceeded analysts' expectations thanks to strong international growth. This positive performance highlights the company's successful expansion strategies and positions them favorably in the market, making it an exciting time for investors and stakeholders alike.

Nvidia is on the brink of achieving a remarkable $5 trillion valuation, driven by a surge in interest and investment in artificial intelligence. This milestone is significant not only for Nvidia but also for the tech industry as a whole, highlighting the growing importance of AI technologies in shaping the future of business and innovation.

Vetoquinol's shares have taken a hit as the company's Q3 revenue fell short of expectations, primarily due to manufacturing issues. This decline is significant as it reflects operational challenges that could impact future growth and investor confidence. Stakeholders will be closely monitoring how Vetoquinol addresses these manufacturing hurdles to regain market trust.