Italy's FTSE MIB index fell 1.00% on the day.

With the increase in foreign property ownership, the Japanese government is considering taxing the income of overseas residents operating real estate rental or parking businesses in Japan to address tax unfairness. Currently, prefectures in Japan do not have the authority to tax overseas residents; they can only tax those with offices or residences in Japan. The Ministry of Internal Affairs and Communications plans to include this change in the tax reform guidelines for fiscal year 2027, currently being developed by the government and the ruling coalition. The personal business tax rate is approximately 5%, calculated based on the business owner's previous year's business or real estate income, minus a deduction of 2.9 million yen (approximately US$18,420). The aim is to maintain tax fairness. The authority to collect the personal business tax rests with the prefecture where the business is located. While Japanese residents can be taxed based on their place of residence even without a business, overseas residents without a business or residence in Japan are not taxed, leading to a disparity in tax burden.

Energy: 1. Egypt purchased six batches of fuel oil, scheduled for delivery before the end of the year. 2. Russian Deputy Prime Minister Novak: Russia plans to export 510,000 tons of diesel in October and 2.15 million tons in November. 3. ExxonMobil plans to invest $100 billion by 2030 to increase global energy supply. 4. The US completed the final batch of tenders for the release of Trump's massive strategic petroleum reserve. 5. Market news: Abu Dhabi National Oil Company reached an agreement to supply Thailand with up to 2 million tons of liquefied natural gas. 6. OPEC+ statement: Decided to maintain the December crude oil production quota unchanged. 7. Wall Street Journal: The US is pushing to resume Russian gas sales to Europe via Ukraine. 8. National Energy Administration: Coal-fired power generation and coal consumption continued to decline in the third quarter, and coal inventories are generally guaranteed for the peak winter season. 9. Iran and Qatar held talks for three consecutive days, causing Brent crude oil prices to fall from a six-month high. 10. Abu Dhabi National Oil Company CEO: Since the Strait of Hormuz was blocked, global inventories have been depleted by nearly 1 billion barrels. Shipping and logistics costs have accounted for more than 30% of the cost per barrel of crude oil since the disruption. Agriculture/Mining: 1. Chilean copper production fell to its lowest quarterly level in more than 20 years. 2. Indonesia's rice production is projected to reach 33.11 million metric tons in 2026, a 4.6% year-on-year decrease. Global Shipping Situation: 1. UK Office for Maritime Trade Operations: Attacks on merchant ships around the Strait of Hormuz in October reached a new monthly high since the Iran-Iraq War. 2. UK Office for Maritime Trade Operations: An oil tanker was hit by two projectiles near Saudi Arabia. Other: 1. Beijing: Construction of a green hydrogen (green fuel) trading center.