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The direct market fallout is contained: QUBIC is a small-cap token, the loss is modest in dollar terms, and the selling has so far stayed confined to the token itself rather than spreading to the wider crypto market. The bigger near-term pressure is liquidity, with the network halted and exchanges suspending deposits and withdrawals, leaving holders unable to move tokens until the chain restarts. How the Computor vote handles restitution is likely to matter more for the token’s recovery than the theft itself, since a clean, transparent outcome could steady confidence while a drawn-out freeze would add to doubts. The episode may also renew scrutiny of other wallet providers’ key-generation practices.

--- Qubic’s blockchain held up but its…

Summary:

• The euro opened lower on escalating riots in France, drone incidents over the Black Sea and US warnings over EU tech rules, then recovered most of the gap
• Oil edged lower after Trump signed an order waiving some sanctions and duties on Russian energy, with the US set to receive more than 300,000 tonnes of Russian diesel
• Houthi attacks on Saudi Arabia and Iran’s conditions for reopening the Strait of Hormuz limited oil’s downside
• Putin has proposed a three-way meeting with Trump and Xi on Ukraine, possibly at next month’s APEC summit
• China’s Q3 GDP grew 4.5% y/y, beating forecasts, with September retail sales and industrial output firmer, though investment stayed weak
• RBA Assistant Governor Kent said neutral rates appear to be rising…

A modest beat across the board supports the Australian and New Zealand dollars and broader Asian risk sentiment, though the relief is tempered by weak investment. For oil, firmer industrial output and retail sales from the world’s largest crude importer offer some support to the demand side, at a time when Iran war disruptions are already keeping supply risk elevated. Industrial metals and iron ore face a mixed message: stronger factory activity helps, but a 20.6% drop in property investment is a clear drag on construction demand. Reduced odds of aggressive stimulus may cap enthusiasm for Chinese equities, which are already leaning on state support, and lower expectations for a cut at Tuesday’s LPR decision.

China’s economy has climbed…

Retail Sales (YoY) 1.1%

• expected 0.5%, prior 0.4%

Industrial Production (YoY) 5.5%

• expected 5.4%, prior 5.2%

Fixed Asset Investment (YTD) (YoY) -7.2%

• expected -7.3%, prior -7.2%

Gross Domestic Product (YoY) (Q3) 4.5%

• expected 4.4%, prior 4.3%

Gross Domestic Product (QoQ) (Q3) 1.2%

• expected 1.1%, prior 0.9%

ADDED, write up here:

• China Q3 GDP beats forecasts at 4.5%, retail sales grow at fastest pace since March

This article was written by Eamonn Sheridan at investinglive.com.

State buying and selling curbs typically put a floor under Chinese equities in the short term, so near-term downside in mainland indices may be more limited than global tech peers suggest. That support is administrative rather than fundamental, and rallies built on directed buying have often faded once the intervention eases. The yuan and Chinese government bonds, which have held up well this year, are unlikely to be driven by the measures. Monday’s GDP and activity data matter more: a weak print could raise hopes of fiscal stimulus, which would give equities firmer footing than market support alone. Broader Asian tech sentiment will hinge on global AI valuations.

• China Q3 GDP beats estimates, as does September retail sales

Beijing is…

Smaller price declines are mildly encouraging for Chinese property developers and for sentiment toward the yuan, but they are unlikely to shift the market narrative on their own. Oil is the bigger channel: as the largest crude importer, China’s domestic demand matters for prices at a time when the Iran war is already squeezing Gulf supply, and any weak consumption or investment data would temper the demand side. The Australian and New Zealand dollars, as China proxies, are exposed to a disappointment in the GDP and activity figures. Iron ore and industrial metals will take their cue from the property investment number in particular.

• PBOC sets USD/ CNY reference rate for today at 6.7208 (vs. estimate at 6.6897)

China’s home prices are still…

Goldman’s view supports staying invested in US equities, but it points to rotation rather than broad gains. The recent slide in the momentum factor suggests that rotation may already be under way, with crowded AI and mega-cap trades most exposed. Oil is a key swing factor: elevated crude prices tied to the Iran war are part of what restrains growth in Goldman’s base case, so any further energy shock would delay the consumer recovery it is banking on for 2027. Rate-sensitive and lower-income consumer names stand to benefit most if inflation and yields ease. Third-quarter earnings over the coming weeks will test whether profit forecasts hold up.

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Earlier:

• Only a third of the US data centre pipeline looks credible as AI financing strains build

<p…

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.

• PBOC injects 80bn yuan via 7-day reverse repos at 1.4%, unchanged rate

This article was written by Eamonn Sheridan at investinglive.com.

Kent’s remarks pull in two directions, which may limit any lasting move in the Australian dollar. Endorsing the post-jobs repricing suggests the RBA is comfortable with markets scaling back near-term hike bets, a mild negative for the currency and supportive for short-end bonds. But the neutral rate argument is a hawkish undercurrent, since it implies the 4.60% cash rate may be doing less work than assumed. That makes the 28 October inflation data the pivotal event: a hot print would revive November hike pricing quickly, while a soft one would likely cement a pause. Rate-sensitive sectors, especially property and banks, will be tracking that shift closely.

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Earlier:

• Euro slides against Australian dollar as three European headwinds hit…

The yen’s gain was modest, suggesting markets read the remarks as reinforcing the BoJ’s existing tightening bias rather than signalling an October move. Oil is a central channel for Japan: as a heavy energy importer, it feels Middle East price spikes directly, and higher crude both lifts inflation and widens the trade bill. That cuts both ways for the yen. By framing AI demand and the labour market as genuine demand pressures, Ueda gives hawks a stronger footing, which could support Japanese government bond yields at the short end. The October meeting’s assessment of underlying inflation is now the main catalyst for the yen.

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Ueda is quietly making the case that Japan’s inflation is no longer just an imported energy story, and that shift…

The fixing mechanism matters most right now because its message has shifted over the past month. For nearly a year, the PBOC has set its daily guidance weaker than market expectations, which traders read as an effort to slow the yuan's appreciation, and in late August that gap reached its widest since February, shortly after the yuan touched a three-and-a-half-year high. Through September, however, the midpoint has strengthened at a faster pace, narrowing its gap with market expectations and suggesting the central bank has eased its resistance to yuan gains. The fixing is still set weaker than models imply, so this looks like a loosening of the brakes rather than their removal. The balance Beijing is weighing is unchanged: a firmer…