Rolling coverage of the latest economic and financial news
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
The sell-off in chip stocks is deepening today, worrying investors as market await the latest UK GDP report.
Further evidence of right-tail inflation risk in the US has reinforced the higher-for-longer rates narrative, with sellers emerging across risk assets and interest rate-sensitive equities coming under renewed pressure.
The breadth of price pressures across the CPI basket has been particularly concerning, challenging a market desperately in need of evidence of disinflation.
7am BST: UK GDP report for August
10am BST: Eurozone industrial production report for August
1.30pm BST: US initial jobless claims data
1.30pm BST: US PPI index of producer price inflation in September
