China coke futures 2701 (Jan-27) weakened intraday, losses widened to 2.08% at 1,904.5 yuan/ton. Turnover about 4.504 billion yuan. Open interest fell by more than 1,400 lots intraday, leaving positions slightly lower.

On Oct. 21 local time the Russian Defence Ministry said Russian forces used drones to strike a logistics center in Rivne used to store and distribute supplies for Ukrainian forces, and hit a dry-cargo ship at sea while it was en route to the port of Chornomorsk carrying supplies bound for Ukrainian troops.

Mitsubishi UFJ expects the Bank of England to raise policy rates by 25bp at its next meeting and again in February, taking the peak to 4.25%. It warns rising energy costs will feed through to household bills and lift UK headline inflation above 4% in coming months. Energy prices have stayed higher for longer and risen further recently; with a stabilising labour market, resilient growth and elevated underlying inflation, the BoE will find it hard to ignore the shock. MUFG forecasts UK Q3 GDP growth of about 0.65% QoQ and expects 2026 and 2027 GDP growth of 1.5% and 1.4% respectively, above IMF projections. Higher borrowing costs may have cut fiscal headroom ahead of the budget to around £15bn.