Top Overnight News Trump said he plans to hold off on new military strikes against Iran for the time being after appeals from countries in the region, including Qatar’s prime minister, while keeping a naval blockade in the Strait of Hormuz for now: Reuters Qatar's Foreign Ministry said mediation efforts are ongoing, positive responses from both sides, and mediation has gained significant momentum in recent days: RTRS An Iranian diplomatic source denies reports of an agreement with the US on uranium enrichment at 3.67% or other nuclear issues, insisting Tehran's two-day proposal remains unchanged and no detailed nuclear discussions have taken place, according to Avash: Newsquawk The US evacuated American aircraft from a Royal Air Force base in England on Monday in the wake of a threat from Iran, according to people familiar with the matter: Reuters A Qatari-Pakistani proposal increases the likelihood of a preliminary agreement to reduce Iranian uranium enrichment; US proposal includes releasing USD 6-9bln in Iranian assets if an agreement is reached. Qatari-Pakistani proposal would immediately reopen the Strait of Hormuz and lift the US naval blockade: Al Hadath Saudi Arabia's main shipping firm is sending some tankers through the Strait of Hormuz in coordination with the US military: BBG France summons Iran's envoy over a supermarket fridge hack and warns of a response: Reuters US-mediated three-way talks between Russia and Ukraine have begun in Abu Dhabi, the head of Kyiv's delegation said: AP UK and Russia need a new backchannel to avoid 'miscalculation', says UK Defence Secretary Streeting: FT Fed Governor Christopher Waller said the Fed ought to raise short-term rates in December even if inflation cooled last month, and should consider an upsized half-point hike if the inflation picture worsens: Reuters Trump said the FBI is reviewing Nvidia CEO Jensen Huang’s affair with a suspected Chinese spy, while describing Huang as a “very honorable man”; the crisis has brought the company’s succession risks into focus: BBG Jensen Huang's affair with an alleged Chinese spy further complicates Nvidia's China problem: CNBC Rep. Thomas Massie introduced articles of impeachment against Defense Secretary Pete Hegseth, setting off a two-day clock for an expected House vote on charges including waging war against Iran without congressional approval: Reuters Canada will seek to ease trade frictions with the US after tariff-weary voters rebuked Trump in the midterm elections, Foreign Minister Anand said: BBG Anthropic is targeting a valuation of around $1.3 trillion in its IPO later this month, below Wall Street's initial expectations: WSJ GS says SpaceX has had a much smaller impact on equity indices than many investors expected: excluding it, the Nasdaq-100 P/E would be less than half a turn lower, and its inclusion has not had a major effect on the index’s return, volatility or concentration: Goldman Japan’s household spending unexpectedly fell the most since 2020 in September, highlighting persistent weakness in consumption: BBG China’s October trade was mixed, with exports +35.2% (vs. +36.3% Street) and imports +41.6% (vs. +33.9%), sending the year-to-date trade surplus above US$1 trillion amid rising Western scrutiny: SCMP The BoJ’s brief record of the latest policy meeting indicated many board members see a near-term interest-rate hike as necessary, signaling a good chance of a December move: BBG ECB Chief Economist Philip Lane said the ECB should raise borrowing costs again at its next meeting if the data don’t shift, with inflation probably “a little bit” above 4% by year-end: BBG GS expects a 0.16% increase in October core CPI (vs. +0.2% consensus) and a 0.21% increase in headline CPI (vs. +0.3%), consistent with a larger 0.23% rise in core PCE: GIR Investors have been buying stocks they believe can shield them from a downturn as fears the AI bull market may be over prompt a violent rotation in global equities: FT The FDA is requiring new safety warnings on all GLP-1 drugs after finding evidence of a potentially increased risk of a rare eye condition: CNBC Wall Street is poised to deliver another banner year for bonuses on record profits at big banks: BBG