US October Chicago PMI due in 10 minutes.

Blackstone told investors ANTHROPIC may not secure an investment‑grade rating immediately after an IPO and is now seen as more likely to receive double‑B or higher (sub‑investment‑grade) rather than the investment‑grade rating it had expected by year‑end. Because some insurers and pension funds are barred from holding high‑yield debt, ANTHROPIC’s access to broad institutional buyers could be constrained, increasing reliance on high‑rated suppliers to provide credit guarantees for its debt financing.

China's National Development and Reform Commission and other departments issued guidance to strengthen consumption infrastructure and promote positive interaction between consumption and investment. The plan targets urban and rural commodity trading markets, calling for upgrades to agricultural wholesale markets, farmers' markets, rural markets and township commercial centers and improvements to stalls, drainage, power, lighting and waste handling. It mandates modernization of industrial consumer-goods markets—daily goods, food, clothing, home appliances and automobiles—by enhancing warehousing, sorting, packaging and fire-safety facilities. The guidance also pushes smart, digital upgrades including electronic settlement, intelligent weighing, frictionless payment and traceability to build integrated online-offline markets combining wholesale and retail with streamlined services.