Jerome Powell spoke, and the market took away that the Fed will not be raising rates in November, but that it is keeping the possibility open for the future, and that it is still not very comfortable with the economic outlook. Overnight, the US 10-year maturity reached 5%. 

The FTSE 100 was slightly down this morning, hampered by miners, as copper prices declined on a stronger dollar.

British retail sales volumes dropped more than anticipated between August and September, by 0.9%, the Office for National Statistics said. A 0.2% drop was expected in the consensus. The ONS blamed the unseasonably warm weather reducing sales of autumn-wear clothing, as well as inflation.

The Office released another data today showing Britain recorded a budget deficit of 14.35 billion pounds in September, which was below the 18.3 billion expected in a Reuters consensus.

Despite posting saying it expects to close out 2023 with "very strong" financials, IHG saw its shares tumble by 2.8% fell on concerns it might miss its full-year guidance.

Things to read today:

‘I have a feeling this is going to last’: Israelis evacuate the border with Lebanon (Financial Times)

Biden’s Influence Turns Israel's Ground War Plans Into ‘Something Different’ (Bloomberg)