Germany's GfK consumer confidence index for October came in at -30.6, below the expected -27.4 and a revised previous reading of -26.8 (originally reported as -26.6).

Germany's October Gfk consumer confidence index will be released in ten minutes.

According to the Wall Street Journal, citing sources familiar with the matter, efforts by the United States to restart negotiations with Iran and seek an end to the war are encountering resistance from major oil-producing countries in the Persian Gulf. These countries have recently shifted their stance on reaching a compromise with Iran. The Gulf states generally believe that Trump should not further escalate military action against Iran. However, sources say that oil-rich Saudi Arabia and the United Arab Emirates are lobbying the Trump administration to maintain economic pressure on Iran and not accept any concessions that could ease sanctions or lift the US maritime blockade. Saudi Arabia is facing particularly significant pressure. As the Iranian-backed Houthi rebels in Yemen begin to restrict Saudi Arabia's oil transport through the Red Sea, its crude oil export channels are facing new obstacles. Sources indicate that pressure from the Gulf states is just one of many factors hindering a US-Iran agreement. Other obstacles include: Trump's own inclination to maintain the blockade; Iran's concerns that the US is pushing for negotiations merely to buy time before resuming military action after the US midterm elections; and the escalating confrontational rhetoric from Iranian hardliners as US economic pressure intensifies.

The yield on Japan's 5-year government bond rose 3.5 basis points to 2.410%.

HSBC Holdings: Raises target price for Chevron (CVX.N) from $218 to $250.

The Russian Ministry of Defense stated that Russia continues its strikes against defense industrial facilities and logistics centers, while also targeting ships used by the Ukrainian armed forces.