Albert Edwards has warned that current equity market conditions are beginning to show similarities with previous market peaks, including 1999 and 2007. He argues that some of the narratives being used to support elevated valuations resemble those seen before earlier major market corrections.

The gap between US 10-year and 2-year Treasury yields has narrowed again, with the 2Y-10Y spread falling to around 32 basis points.

The Swiss National Bank kept its policy rate unchanged at 0%, maintaining the lowest benchmark rate in the world as inflation remains comfortably within its price stability range.

US Treasury markets faced renewed selling pressure as investors adjusted to expectations of tighter Federal Reserve policy and growing government debt supply. Yields climbed across the curve, pushing borrowing costs higher and increasing volatility across financial markets.

Record diesel prices are increasing pressure on US farmers, trucking companies and other fuel-intensive industries, prompting debate over whether restricting exports could help ease domestic costs.

Germany's private sector recorded its strongest expansion in almost a year in September, supported by a recovery in services and stronger demand.

The Bank of England kept its policy rate unchanged at 3.75% at its September meeting as policymakers continued to assess growing inflation risks from higher energy prices.