Barclays said it has moved to a tactical neutral stance on risk assets, despite current valuations becoming more attractive.

China's National Bureau of Statistics said October prices for production materials within industrial producer factory-gate prices rose 7.4% YoY, contributing about 5.77 percentage points to the overall industrial producer price level. By sector, mining prices jumped 27.9% YoY, raw-materials prices rose 11.6% and processing-industry prices rose 3.5%. Prices for goods for household consumption fell 0.1% YoY, subtracting about 0.03 percentage points from the overall level; food -1.6% YoY, clothing -1.3% YoY, general daily goods -0.7% YoY, durable consumer goods +1.4% YoY.

Brent crude fell 5% intraday to $92.98/bbl; WTI fell 4.6% intraday to $86.27/bbl.