Closing summary
Time to wrap up… here are today’s main stories, first on the UK’s Global Investment Summit:
The Metro Bank rescue:
The Bank of England….
And in other news:
Over in the US, sales of new family homes weakened last month.
New single‐family houses sales in October dropped to a seasonally adjusted annual rate of 679,000, new official data shows.
That is 5.6% below the revised September rate of 719,000, but also 17.7% higher than a year earlier, in October 2022.
October US New Homes Sales came in softer than expected (679K vs 721K): Chart from ECAN<Go> pic.twitter.com/w0mGjLwKTn
— Michael McDonough (@M_McDonough) November 27, 2023
