China A-share market extended gains; ChiNext Index rose over 2% after falling as much as 2% in early trade, Shenzhen Composite Index up nearly 2% and STAR 50 Index up 3.6%.

Brent crude down 3.00% intraday at $100.59/bbl.

Fox News, citing sources, reports Vice President VANCE is mobilizing a 'new right' coalition ahead of the 2028 cycle to court voters disillusioned with Trump. After Republican midterm losses, VANCE published a long post Wednesday and signaled policy divergences with Trump on foreign policy and the U.S.-Israel relationship. A source said the WHITE HOUSE held a Wednesday morning meeting to keep government messaging unified after the midterms. VANCE posted that "the reason we lost is this war," adding the president "said so last night." He identified four priorities to win back voters: end wars; focus on cost of living and inf; put America first; and change the U.S.-Israel relationship. In September VANCE said he would not call the Iran conflict a "war." A government official described the four priorities as a rallying call for the 'new right' and said VANCE is not seeking a break with Trump but aims to signal to Trump supporters who disagree on foreign policy or feel betrayed that "VANCE is one of us."