China October PPI rose 0.7% MoM, versus 1.2% previously.

Iraqi foreign minister Husein told Al Jazeera Iraq has reached an agreement with the United States to allow Iraqi oil exports via a channel near Oman through the Strait of Hormuz. He said Iraq’s losses from the Iran conflict and export disruptions have reached $60 billion. Iraqi energy officials said exports recovered in October after a sharp fall, rising from 2.65 mln bpd in September to about 3.5 mln bpd.

German Chancellor Merz said he must speak with Russian President Putin sooner or later. He noted U.S. President Trump has invited Putin to the G20 and said that if Putin attends he would not avoid the opportunity for talks.