Peter Boockvar, CIO at One Point BFG Wealth Partners, said he still believes 3–4% overall inflation has become the new normal and that price pressures persist, particularly at the corporate level. He said tomorrow's producer price index (PPI) will reflect this, with current PPI gains running above CPI.

London Stock Exchange Group said it is partnering with NVIDIA (NVDA.O) to run GPU-accelerated historical data analytics.

BofA’s Q3 trading revenue fell short of estimates: fixed-income trading revenue declined 17% to $2.55bn and equities trading revenue fell 10% to $2.51bn, both below analysts’ expectations. The bank booked a $1.2bn non-tax-deductible charge related to a U.S. Treasury announcement of anti-money-laundering and sanctions violations, cutting EPS by $0.17. The U.S. Treasury said BofA effectively outsourced key compliance work to external firms to protect revenue; the bank says remediation costs are included in operating expenses. Ongoing market volatility supported activity in equities desks across Wall Street, while higher rates weighed on fixed-income trading and broader lending activity.