Overview
- President Trump dialed back the threat of 100% tariffs and signaled a meeting with Xi, while Treasury Secretary Scott Bessent reported de‑escalation and prepared talks with Vice Premier He Lifeng.
- China’s official data showed Q3 growth of about 4.8% year over year, roughly 1.1% quarter on quarter, with industrial output topping forecasts.
- Japan’s Liberal Democratic Party formed a coalition with the Japan Innovation Party, clearing the way for Sanae Takaichi and propelling the Nikkei to new records.
- Concerns over regional banks eased after stronger results from lenders, helping U.S. stocks rebound with tech and chip shares leading into a heavy earnings slate.
- The U.S. government shutdown has delayed data, putting Friday’s September CPI in the spotlight as futures price quarter‑point Fed cuts in October and December.