Asian stock markets gained momentum as investors anticipated a potential rate cut by the Federal Reserve in December. This optimism comes despite Michael Burry's significant $1.1 billion put options against major AI companies like Nvidia and Palantir. Meanwhile, Bitcoin surged close to $87,000, reflecting a broader increase in risk appetite among investors. In the UK, fiscal policy remains a focal point as the upcoming budget announcement looms, with potential tax hikes expected to impact sterling and gilt markets. Additionally, ADNOC Gas secured a $4 billion, 20-year supply agreement, and the UAE announced an increase in its oil and gas reserves. In the U.S., mortgage rates hovering around 6.04% could lead to a wave of refinancing if they dip below 6%.