Posted 10/23/2023, 7:18:00 AM
UK Borrowing Costs Rise as Investors Bet on Rate Hikes; Chinese Stocks Sink, Oil Drops, Apple Supplier Probed, Eurozone Confidence Still Weak
- UK government long-term borrowing costs hit new 25-year high as investors bet on higher interest rates
- Chinese stocks fall to pre-pandemic lows amid economic slowdown and geopolitical tensions
- Oil prices drop as Israel holds off Gaza ground invasion, opening window for diplomacy
- Apple supplier Foxconn faces tax probe in China ahead of Taiwan's presidential election
- Eurozone consumer confidence expected to remain weak in October flash estimate