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Daily Markets News - 7 October

Halifax states the prospect of higher interest rates is likely to exert "more significant" downward pressure on UK house prices, as it had prices slipping 0.1 percent in September to stand up 9.9 percent year on year.

President Biden says the nuclear threat is higher now than at any time since the Cuban Missile Crisis, and that Russian authorities are not lying about the threat of using nuclear weapons.

Peloton announces it is to cut a further 12 percent of its workforce, its fourth round of layoffs, as it continues its attempts to turn around its fortunes.

The WHO warns that a fresh COVID wave is brewing in Europe as the colder winter weather arrives.

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