S&P Global US services PMI (final, Oct) 56.1; consensus 57.9; prior 57.9.

Japan's 10-year government bond auction on Thursday saw demand roughly in line with the 12-month average. Bid-cover ratio was 3.21 (previous auction 3.76; 12-month average 3.24). The tail (average winning price minus lowest winning price) widened to 0.25 from 0.02 last month. Domestic demand recovery and foreign inflows are providing support to JGBs; the 10-year yield has fallen from a late-September peak of 3.115% to 2.79%. The auction occurred amid declines in US Treasury yields after the US midterms reduced near-term fiscal-expansion risk with Democrats taking both chambers, and alongside lower crude prices as markets price a rising likelihood of an end to the Iran conflict.

In opening trades on Germany's Tradegate exchange, Tesla shares fell 4.3%, Amazon declined 1.0%, Alphabet slid 0.9% and SpaceX dropped 5.0%.