China economic turmoil deepens

Chinese consumer inflation disappoints for September while deflation deepens in the manufacturing sector. Chinese markets see a volatile session following Saturday’s finance ministry press conference. Finance minister Lan Fo’an says there is ample room for more stimulus measures but stopped short of giving specific details. In the U.S., JPMorgan beats quarterly earnings expectations while Wells Fargo also posts a solid beat on the bottom line. The UK attempts to diffuse a row over investment in the country with DP World on the eve of a international summit on London as the government announces a reported £50bn round of new investments. We are also live at the Paris Motor Show where the beleaguered European sector is reeling from profit warnings, falling demand and pressure from Chinese automakers.