FITCH: Ukrainian cities face mounting budget pressure as the war continues.

Rehn said in Bangkok at the IMF annual meeting that the ECB will receive additional economic data ahead of its final rate decision of the year and will publish comprehensive macro projections in December to better assess growth and inflation prospects. He described the current prudent, measured policy stance as appropriate, noting energy prices are pushing up inflation but there are not yet clear second‑round effects or broad-based spillovers; the ECB will remain vigilant to prevent inflation from becoming more entrenched.

China A-share fiber-optic sector rallied; Hangdian hit the daily trading limit and Hongrida jumped over 10%. Jiuzhiyang, Yute Optoelectronics, Ruike Laser, Meishi Technology and Tongding Interconnect also advanced.