Cboe VIX rises for a fourth straight session to 21.57.

China State Planner deputy director Ma Weichen said on Nov. 3 that during the 15th Five-Year period the agency will push to upgrade the marine economy via new technologies, industries and spatial development. Policy will reinforce core sectors — marine equipment manufacturing, shipping and fisheries — and accelerate development of marine biopharma, marine new materials and marine electronics. China’s marine GDP is expected to exceed 13 trillion yuan by 2030.

The Reserve Bank of Australia on Tuesday raised the cash rate 25bps to 4.85%, an 18-year high and the fifth hike this year, extending one of the most aggressive tightening cycles among developed economies. The nine-member rate-setting board approved the move in a 6-3 split. In its statement the RBA said the committee will continue to take the measures it judges necessary to ensure inflation returns sustainably to target. Governor Bullock will hold a press conference at 3:30pm Sydney time and is expected to be asked about the likelihood of further hikes amid persistent inflation, global energy shocks and domestic capacity constraints.