NatWest’s Sovereign Debt Retreat Ends Decades of RBS LegacyNatWest Group Plc had for decades bought European sovereign debt and distributed it across markets. That was until Thursday, when the bank said it would only do that for the UK government, pulling back from US and European markets and cutting a number of traders.
Spate of European Office Sales Shows Fading Hope of Better TimesAs 42,000 real estate professionals descended on Munich this week, government bond yields across several key European markets were reaching their highest levels in decades.
Australia Home Auction Clearance Rate Stuck Below 50% for Second WeekAustralia’s home auction clearance rate held below 50% for the second week in a row as the central bank’s move to raise interest rates to a 15-year high weighs on buyer demand.
US CPI to Show Overall Inflation Boosted by Higher Gasoline PricesHigher gasoline prices probably led to quicker overall US inflation in September even as underlying price pressures moderated, supporting views that the Federal Reserve will refrain from raising interest rates this month.
Court Denies Investor Request to Probe Philips Over 2021 RecallAn Amsterdam court rejected requests from investors for an investigation into Royal Philips NV’s handling of a 2021 recall of its sleep apnea devices.