UBS posts $1.4bn in Q3 net profit as the lender accelerated the integration of former rival Credit Suisse. Standard Chartered almost doubles its quarterly pre-tax profit which prompts the London-based bank to hike guidance and pledges to lift its dividend payout. Meanwhile in the U.S., Alphabet’s cloud arm delivers stellar results which help push the company’s annual revenues up by 15 per cent in the third quarter, this despite a slowdown in its search and YouTube services. In the UK, gilt yields hit a post-election high ahead of Labour’s much anticipated first budget in 15 years.

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