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An active overnight session saw China’s banks lowering their one-year loan prime rate to 3.10% from 3.35% and reducing their five-year gauge to 3.60% from 3.85%.

The CSI is up 2.8% as investors digest China's Q3 GDP figures, growing +4.6% y/y. I am not as positive; this is a slowdown from 4.7% in Q2 and 5.3% in Q1, marking the slowest growth in more than a year.

Markets are awaiting the European Central Bank's monetary policy decision. The ECB is forecast to lower interest rates for a second straight meeting as data shows slowing inflation is accompanied by a worsening economy.