International News
Europe close: Stoxx 600 drops 1 per cent as bond yields climb
Stock markets across Europe registered steep losses on Wednesday as a renewed rise in bond yields and oil prices drove profit-taking after three days of equity gains.
Porsche targets stronger margins with new 2035 strategy
Porsche set out plans on Wednesday to lift profitability and cut its reliance on sales volumes, as the sports-car maker unveiled a new strategy running through to 2035.
US mortgage applications fall for fifth-straight week
US mortgage applications fell 4. 2% in the week ended 2 October, according to the Mortgage Bankers Association, marking a fifth straight decline and taking activity to its lowest level since January 2025.
US pre-open: Futures slip as yields and oil push higher ahead of Fed minutes
Wall Street futures were in the red ahead of the opening bell on Wednesday, pausing after the S&P 500's latest record high, as both Treasury yields and oil prices pushed higher.
Asia report: Stocks fall as AI rally runs out of steam
Asian stocks finished lower on Wednesday with markets in Tokyo and Hong Kong giving back some recent gains as tech stocks retreated.
German industrial production rises more than expected in August
Industrial production in Germany rose by a more than expected 2. 0% in August, driven mainly by a sharp rebound in construction output, according to official data published on Wednesday.