RBA Governor Bullock said rate hikes are necessary to reduce inf.

Ukrainian President Zelenskiy said early on Nov. 3 that Russia carried out a large-scale attack targeting energy infrastructure, striking power plants and substations in Odesa, Cherkasy, Zhytomyr and Vinnytsia regions. Several cities have been placed under emergency power outages, he said. Zelenskiy said Russian forces fired 289 drones, 17 ballistic missiles and 59 cruise missiles.

CITIC Securities research chief strategist Bao Chengchao says China large-cap blue-chip valuations are low on a global basis. As of Oct 22, 2026, the A-share AI/non-AI PE ratio is 4.4x, at the 82nd percentile since 2016; the US, Japan and Korea ratios sit at the 1st, 17th and 24th percentiles respectively. Overseas AI premiums have largely been absorbed by rising non-AI valuations: US and Japan non‑AI, non‑financial leader PEs are 33.5x and 23.0x, at the 98th and 95th percentiles. By contrast, China domestic‑demand and manufacturing-related non‑AI blue chips trade on a 15.6x PE, at the 21st percentile. The divergence implies the largest scope for valuation rerating is within A-share large caps tied to domestic demand and manufacturing.