ARGUS RESEARCH lowers PT on Reddit (RDDT.N) to $150 from $225.

US equity futures tumbled, with Nasdaq 100 futures down 1.4%, S&P 500 futures down 0.7% and Dow futures down 0.2%.

ONS data showed UK GDP rose 0.7% QoQ in Q3 (0.5% in Q2), matching consensus; September GDP grew 0.2% MoM versus 0.0% expected. Activity has outperformed despite the Iran war energy shock, partly driven by AI-related spending, prompting economists to raise 2024 forecasts. The print increases pressure for further tightening after the Bank of England's first rate rise in over three years last week; markets currently price a further BoE hike in December.