U.S. real GDP rose 3.4% annualized in Q3, up from 2.2% in Q2 and above the 3.2% consensus. Heavy corporate investment in AI — notably data centers and advanced equipment — was a key support. Inflation pressures persist, but consumer spending stayed firm. Fed Chair Warsh said growth momentum has strengthened and business fixed investment’s share of GDP is at historic highs. U.S. growth continues to outpace other G7 economies.

Eurozone October industrial confidence and economic sentiment indicators due in 10 minutes.

China's foreign minister Wang Yi met Iceland's foreign minister Gunnarsdottir in Beijing on Oct. 29. Both sides agreed to deepen cooperation in trade, geothermal energy, green transition, fisheries, maritime and Arctic affairs, and to boost tourism, joint research and talent exchanges. Iceland signalled willingness to pursue an upgrade to the bilateral free trade agreement to expand cooperation in trade, fisheries, geothermal and green energy. The ministers said they would strengthen coordination to defend multilateralism, international law and the UN's central role and exchanged views on other international and regional issues.