Supply chain bottlenecks hit UK and US factories; Squid Game memecoin wipeout; Wall Street at record highs – business live

Rolling coverage of the latest economic and financial news, as UK manufacturing output growth slows to an eight-month low

Europe’s financial markets have begun November with fresh gains, at the start of a big week for central bankers.

The pan-European Stoxx 600 index has hit a new record high this morning, up 0.6% at 478.52 points. Healthcare stocks, banks and utilities are the best-performing sectors, followed by energy and industrials.

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