Bonds Slip as Investors Assess the UK's Growth Prospects

Max Kettner, HSBC's chief multi-asset strategist, stated that the Federal Reserve's interest rate decision in December is unlikely to significantly impact risk assets, emphasizing that earnings will play a more crucial role in market performance. This perspective was shared during an interview on Bloomberg Surveillance.

A senior central banker in Colombia has indicated that the likelihood of raising interest rates has increased due to a deteriorating inflation outlook. This shift suggests a tightening of monetary policy may be on the horizon as economic conditions evolve.

Asda has reported a 3.8% decline in total sales to £5.1 billion for the three months ending September, attributing the drop to both government actions that have undermined consumer confidence and internal IT issues that led to product shortages. Comparable store sales also fell by 2.8% during this period.

Property tycoon Michael Fuchs is facing a potential jail sentence following a ruling by a London judge who found him in contempt of court for violating orders related to the sale of real estate assets in a divorce case involving a £37.5 million ($49.6 million) award.

Silver prices have reached a new record, surpassing the previous peak set during a significant market squeeze in London in October. This surge reflects strong demand and investor confidence in the precious metal market.

Brazil is expected to experience up to $10 billion in profit and dividend remittances leaving the country in December, which could exert renewed pressure on the Brazilian real and prompt further intervention from the central bank. This situation arises amid ongoing economic challenges and fluctuating market conditions.

China Investment Corp., China's sovereign wealth fund, is nearing the completion of a sale involving approximately $1 billion in US private equity stakes, following a brief pause in negotiations. This move reflects the fund's ongoing strategy to optimize its investment portfolio amidst fluctuating market conditions.

JPMorgan Chase's CEO Jamie Dimon has approved plans for a new £3 billion tower in London, following assurances from a senior adviser to UK Prime Minister Keir Starmer regarding the government's pro-business stance. This decision aligns with the bank's strategy to expand its presence in the UK market.