Wrap Europe

UK economy unexpectedly shrank 0.1% in Oct. Sterling dips as traders eye budget impact. Watch for growth recovery signals.

S&P 500 hits record high on Fed cut & growth optimism. Muted sentiment signals more upside, not a bubble.

HELOC rates dip below 7.5% post-Fed cut; Fifth Third offers 4.99% intro. Homeowners tap equity, watch variable rates.

China eyes $70B chip subsidy package, boosting domestic firms like SMIC & Moore Threads (up 600%+). Geopolitical tech war heats up.

Oracle stock plunges on AI bet fears; traders eye Nvidia's slide & valuation concerns.

India Inflation Rate Y/Y 0.7% vs 0.7% expected (0.25% prior)

MSTR shares down 65% from peak; Nasdaq 100 removal looms. Bitcoin holdings > market cap. Valuation questioned.