CENC automatic estimate: a magnitude ~3.3 quake occurred near Gong County, Yibin, Sichuan at 06:01 on Oct 13. Final result pending formal rapid report.

Private equity firms are finding exits harder amid volatile markets but can still raise cash by increasing leverage at portfolio companies. Moody's estimates PE-owned firms in Europe, the Middle East and Africa have about €41bn (roughly $46bn) of additional borrowing capacity before leverage would likely trigger ratings downgrades. Moody's says that headroom should keep debt-financed dividend activity elevated until M&A deal flow recovers. Rising rates, geopolitical tensions and buyer-seller valuation gaps are slowing exits and pushing distributions well below historical norms; buyout firms are using portfolio-level debt and continuation funds to return capital.

Mexico's main stock index rose 1.2%.