ECB Governing Council member Kazaks said the ECB may raise interest rates gradually.

China Merchants Securities chief strategist Li Haoyang said recent counter-cyclical stabilization measures — focused on cross-market liquidity-risk isolation, incentives for industrial capital, index-fund participation and trading-rule adjustments — are being rolled out on a compact timeline with clear tool roles. He said these measures are gradually breaking the prior negative feedback loop, restoring investor risk appetite and establishing a multi-layer, interoperable stability framework that links liquidity provision, capital deployment and asset absorption. By combining short-term liquidity support with capital-market institutional reform, the tools have shifted from isolated actions to closed-loop coordination, strengthening policy effectiveness and helping A-share valuations return toward a more reasonable range.

New Zealand Q3 unemployment rate 5.7% (consensus 5.5%; prior 5.6%).