UK consumer confidence falls 11 points to -24 in October, GfK survey shows
Bitget2026/10/23 06:27- UK consumer confidence fell 11 points to -24 in October 2026, matching the decline following the July 2016 Brexit vote.
- Expectations for the economy over the next 12 months dropped 14 points to -36.
- The Major Purchase Index fell 14 points to -22, signaling weaker appetite for big-ticket spending.
- Personal finance expectations for the next year declined eight points to -3 as persistent cost-of-living pressures weighed on confidence.
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Rio Tinto ADR plunges over 4%: Rockfall incident at Mongolia's Oyu Tolgoi copper mine halts underground operations
The accident resulted in injuries to 15 workers, with no fatalities reported so far. According to US media, the mine has temporarily suspended its underground operations. Oyu Tolgoi is one of the world's largest copper mines and a key source of future copper production growth for Rio Tinto. The impact of the accident on the mine's recovery schedule and copper output is still under assessment. On Thursday, Rio Tinto ADRs saw their losses widen to as much as 4.3%, reaching a new low since March; New York copper prices fell by 1%, briefly bouncing after the news before resuming their decline.
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