Democratic candidate Bob Brooks defeated incumbent Republican U.S. Representative Ryan McKenzie to flip a House seat in Pennsylvania. Brooks, a local firefighters' union chair, won in a district Trump carried by about 3 percentage points in the 2024 presidential election. Nationwide Democrats need a net gain of four seats to win control of the U.S. House.

ECB governing council member Moulin said France’s Q3 activity unexpectedly contracted and the Banque de France may need to lower its 2026 growth forecast. The bank currently projects 0.4% growth for this year, but that would require very strong Q4 expansion. Speaking at a Jeco meeting in Lyon, Moulin said the current projection is somewhat optimistic and will likely be revised down slightly. Banque de France plans to update its macro forecasts in December after the ECB’s next rate decision.

Australia October S&P Global Composite PMI (final) 48.2, prior 47.7.