China's Data Beat Overshadowed by Middle East Foreboding

China's latest economic data, which beat forecasts, was overshadowed by concerns over escalating conflict in the Middle East following the Gaza hospital blast. Chinese GDP growth slowed to 4.9% in Q3, while retail sales and industrial output for September exceeded expectations. However, the property sector remains a burden on the economy. Meanwhile, the Gaza hospital blast highlighted the potential casualties of a ground invasion and the risk of the conflict expanding to include Iran, threatening oil supplies. Oil prices rose around 2%, and bond markets were impacted by inflation concerns. Equities are looking to Netflix and Tesla's earnings reports for potential positive news.