China's new yuan loans soar to 1.87 trillion yuan in September, doubling August's total, as the central bank boosts stimulus to revive the economy amidst falling short of last year's loans. Aggressive monetary measures and upcoming fiscal actions aim to hit the growth target of 5%.
European stocks see modest gains as utilities, healthcare, and real estate support the STOXX 600 amid worries about China's stimulus plans. Mining and luxury sectors struggle while Continental shares rise on improved profitability forecasts.
British Foreign Secretary David Lammy to visit China aiming to reset strained relations by addressing Hong Kong, rights abuses, and espionage accusations, seeking a less confrontational approach, focusing on economic ties while acknowledging disagreements.
