According to Iran's TASNIM NEWS, two oil tankers struck mines while sailing on an unauthorized route in the Strait of Hormuz.

Nov 1 — Hong Kong Financial Secretary Paul Chan said in a blog the government will publish a preliminary estimate of Q3 local GDP next Tuesday. Early signs indicate Q3 year-on-year growth will exceed market expectations and accelerate from Q2, driven by faster export growth and resilient domestic demand. Hong Kong is on track for a 15th consecutive quarter of positive growth. Real GDP for the first three quarters posted the largest YoY increase for the period in five years. With momentum intact, the government may revise up its full-year growth forecast.

FITCH says emerging-market issuers showed resilience in Q3 but could come under pressure if the Fed turns more hawkish and developed-market sovereign yields rise. FITCH’s base case is financing conditions will be looser in most EMs by 2027 as global inflation eases and central-bank policy pressures recede, but it warns of significant downside risks. FITCH forecasts EM ex-China GDP growth of 3.3% in 2027, below its upward-revised 2026 forecast of 3.6%.