Global stocks tumble as AI panic grips markets after Democrats’ midterm success – business live

Rolling coverage of the latest economic and financial news, as Asia-Pacific markets slide after Wall Street rout Stocks aren’t the only thing dropping in value! UK house prices fell by 0.6% in October, new data from Lloyds bank shows. “Housing demand is currently being tested by a challenging economic backdrop. Renewed inflationary pressures, driven in part by the conflict in the Middle East, are keeping borrowing costs high and adding to the squeeze on household finances, making some buyers understandably more cautious. Continue reading...