Overview

• The DAX is indicated up about 0.7% to roughly 24,005 at the open, with the EuroStoxx 50 also seen firmer.
• U.S. stocks closed higher Friday as the tone on U.S.–China trade improved, and Asian markets advanced with Japan’s Nikkei up 2.9% and Shanghai up 0.9%.
• China’s GDP growth slowed to 4.8% year over year in the third quarter while the central bank left policy rates unchanged for a fifth month.
• Crude weakened further, with Brent near $61 and WTI around $57, as traders pointed to softer Chinese demand and an oversupply outlook flagged by the IEA.
• Corporate news features TKMS beginning trade in Frankfurt via a Thyssenkrupp spin-off and the FDA approving Roche’s Gazyva for lupus nephritis, as reports of loan fraud at two U.S. regional banks temper sentiment.