US stocks stage a massive comeback, with the Dow swinging 1,500 points, despite US CPI coming in hotter than expected. Chinese consumer prices rise by the most in more than two years, as the country's ruling party prepares to usher in a historic third term for President Xi Jinping. Kwasi Kwarteng heads home early from IMF meetings, amid speculation the government is considering yet another U-turn over its controversial ‘mini-budget’. However, the U.K. Chancellor says he is committed to the plan. LVMH's Antoine Arnault hails the resilience of the luxury sector throughout the pandemic, telling CNBC the stronger dollar is now boosting sales.

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