ASIA WRAP: Liberal Minority Wins Canadian Election

*Justin Trudeau's popularity falls but still wins minority government
*China Foreign Minister reassures markets de-coupling not on the agenda
*AMP Capital (AMP.AX) raised record $6.2bn for infra fund

FX:

• FX markets across the board fared better on positive US/China trade sentiment and lower volatility. China Vice Foreign Minister, Le Yucheng, said "what china wants is to deliver a better life for the Chinese people. We don't want to take anything from anyone else". On face value, this bodes well for general sentiment. 
• AUDUSD +0.17% and NZDUSD 0.37% extended their rally with both looking to test Sep highs. 
• GBPUSD +0.19% awaits tonight's Brexit developments.
• Risk-on/risk-off proxy USDJPY crept higher +0.04% but lacked conviction on relatively quiet headlines.
• USDCAD -0.05% weakened slightly with Liberals taking minority government. We expect there to be more volatility around tonight's retail sales. 
• USDCNH +0.07% remains fairly stable.   

Equities:

• Asian benchmarks turned slightly higher after S&P500 futures breached 3,000 overnight. 
• ASX Cash +0.3% finished 20pts higher led by gains across energy stocks though Oilsearch (OSH.AX) was weighed down by a weakish Q3 production report. 
• ASX Dec Futures settled at 6,646.
• Nikkei Futures +0.5%. 
• S&P 500 Futures +0.17%.
• CSI 300 Futures -0.05%.

Fixed Income:

• Yields were marginally higher on better risk sentiment.
• AUS 10y yields +1bps.
• US 10y yields largely unchanged.

Commodities:

• Commodity vol. has been tighter over the last couple of sessions.
• Brent Crude Futures -0.19% edged lower. 
• Gold spot +0.03% was unfazed.