The Australian dollar rose on optimism about China’s economy and Trump’s trade rhetoric, while the yen initially weakened on news of Japan’s potential new prime minister. However, hawkish comments from the Bank of Japan reversed the yen’s decline. China’s economy grew 1.1% in Q3, with industrial output up 6.5%, keeping it on track to meet its growth target. Trump’s proposed 100% tariff on Chinese goods is deemed unsustainable, leading to a 0.3% gain for the Aussie. Japan’s Nikkei closed over 3% higher as Takaichi looks set to become PM, despite the BOJ’s doubts about inflation targets.

Read more at 1. “Tesla reports record profits in third quarter, beating analysts’ expectations.” – CNBC

2. “Amazon announces plans to hire 150,000 seasonal workers for the upcoming holiday season.” – Reuters

3. “Apple unveils new lineup of MacBook Pros with enhanced performance and longer battery life.” – Wall Street Journal

4. “Facebook faces antitrust probe over its acquisition of Instagram and WhatsApp.” – CBS MarketWatch

5. “Google parent company Alphabet surpasses $2 trillion market cap milestone.” – Barchart: Aussie gains on easing trade tensions, resilient Chinese economy