US EIA implied distillate fuel demand for week to Oct 30: 5.78 mln b/d, prior 5.53 mln b/d.

CSI Convertible Bond Index opened 0.11% higher. Weidao, Changhong and Qilin convertible bonds gained 1.86%, 1.64% and 1.63%; Huawei, Baiyang and Huicheng convertible bonds fell 2.10%, 1.40% and 1.04%.

Sean Oliver, chief economist at Australian financial services group AMP, said Democratic gains in the U.S. midterms could prompt tighter regulation—notably in artificial intelligence—and, if seen as increasing chances of a Democratic return to the White House in 2028, raise market concerns about higher taxes. Those factors could be negative for U.S. equities and the U.S. dollar; markets appear to be starting to price that in. Oliver added a Democratic victory would not be unexpected, suggesting some of the impact should already be reflected in prices.