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Oil surges after drone strike hits Russian Novorossiysk terminal, heightening supply risks

U.S. approves potential US$330m fighter-jet parts sale to Taiwan

China October new house prices -2.2% y/y (prior -2.2% also)

US, South Korea unveil deal with major investments, tariff cuts and defence expansion

China Oct Retail Sale (YoY) 2.9% (exp 2.7%) & Industrial Production (YoY) 4.9% (exp 5.5%)

UBS: China’s AI power build-out (5–6GW) is modest vs U.S. (40–45GW), signalling no bubble.

Japan’s Takaichi backs away from minimum-wage target amid pushback from regional firms

EUR/GBP above 0.8852, a 2.5 year high as UK ditches income tax rate hike plans

More on UK drops income-tax hike plans ahead of November budget

China – Evergrande Property Services invites updated bids as liquidation process advances

UK PM Starmer and fin min Reeves drop plan to hike income tax rates

US media report Trump preparing to back down on some tariffs in order to lower food prices