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September's consumer price index came in at three point seven percent, the hottest read in recent memory, driven hard by gasoline and energy costs tied directly to the ongoing Iran war. Bond yields are responding aggressively, targeting fresh twenty-four year highs, and Bitcoin has slipped below eighty-two thousand dollars as risk appetite cools under the inflation pressure.
Staying in dealmaking, the London Stock Exchange Group has confirmed it is in active talks to acquire credit data specialist Octus from private equity firm Permira in a transaction valued at three point five billion dollars. For LSEG, this deepens its footprint in fixed income data and analytics at a moment when credit markets are drawing serious institutional attention given the rate environment.
And in a notable move for crypto's push into traditional finance, the parent company of exchange Kraken has struck a deal to acquire Finland-based Saldo Bank. The acquisition would give Kraken's parent a European banking license, opening the door to deposit-taking and lending products across the continent — a significant structural step for an industry that has long sought regulatory legitimacy in Europe.
That's the tape. Markets Desk, signing off the floor.
