5 things to start your day

[Bloomberg]( China grows at slowest pace in decades, Brexit deal faces knife-edge vote, and Aramco delays IPO (again). Miss China’s gross domestic product [rose 6% in the three months to September](, the slowest pace since the early 1990s, and below consensus forecast. A slowdown in investment was the main driver for the lower-than-expected number. Investors are looking to a meeting of the Communist Party’s top leadership, due in the coming days, for a possible review of stimulus measures. There is a feeling, however, that officials are allowing growth to run a little slower as they seek to clean up the financial system and deal with [excess leverage](. The country’s benchmark Shanghai Composite Index closed 1.3% lower in the wake of the data. Long weekend Having [secured a Brexit deal in Brussels](, British Prime Minister Boris Johnson will find out tomorrow if he can muster enough [votes to get it through Parliament](. With the Democratic Unionist Party refusing to support it, he’s relying on support from [some opposition members]( and MPs he ejected from the Conservative Party. Everything is expected to be done and dusted by 2:30 p.m. London time. The back-and-forth of negotiations has led to a lot of volatility in the pound, and whatever the outcome tomorrow, that’s [unlikely to change](. Sponsor Content by PIMCO PIMCO Cyclical Outlook: Window of Weakness The global economy is about to enter a period of vulnerability. Will it end in recession or recovery? [Read more.](  IPO problems Saudi Aramco is again delaying its much-anticipated initial public offering. The postponement, which may be for as little as a few weeks, came after [doubts emerged about the $2 trillion valuation]( placed on the company and will [allow bankers]( to incorporate the company’s third-quarter results into their assessments of the oil producer. The decision comes as several [smaller company initial offerings]( struggle or are cancelled, with businesses citing unfavorable primary market conditions. Markets mixed Overnight the MSCI Asia Pacific Index slipped 0.2% while Japan’s Topix index closed 0.1% lower as the weaker-than-expected China growth numbers weighed on sentiment in the region. Europe’s Stoxx 600 Index was unchanged at 5:45 a.m. Eastern Time as investors digested weak earnings, with Renault SA [dropping as much as 15%]( after cutting its full year forecast. S&P 500 futures point to a [quiet start to the session](, the 10-year Treasury yield was at 1.766% and gold was lower. Coming up… It is a quiet day on the economic data front, with only the U.S. September Leading Index at 10:00 a.m. and Baker Hughes rig count at 1:00 p.m. Dallas Fed President Robert Kaplan, Kansas City Fed President Esther George and Fed Vice Chairman Richard Clarida all speak later. U.S. tariffs on $7.5 billion of EU products [come into effect today](. Earnings season continues with Coca-Cola Co., American Express Co., and State Street Corp. among those announcing results. What we've been reading This is what's caught our eye over the last 24 hours. - Trump’s [haphazard Syria deal]( leaves Erdogan with long-sought win. - After hemorrhaging $100 billion, Europe [stages a comeback](. - Zuckerberg warns [China’s censored internet]( could still win out. - Italy borrows from Mississippi with program to [help the poor find work](. - Three men at PG&E decide when [Californians go dark]( to stop fires. - The dollar is [not the haven it used]( to be for EM currency traders. - Big data technique reveals [previously unknown capabilities]( of common materials. And finally, here’s what Luke's interested in this morning Investors are signaling belief that less monetary accommodation will be required, rather than necessarily anticipating full-bore reflation.The lack of reactivity to episodes of underwhelming U.S. data this week (Treasuries have preferred to take their cues from the twists and turns in the relatively constructive Brexit talks) suggests that the risks have become a little more balanced in the bond market’s eyes. To this end, three-month, two-year swaptions are starting to settle down relative to their 10-year counterparts. That is, the range of opinions as to the timing and depth of the Fed’s easing cycle have recently been compressing more meaningfully than the outlook for longer-term rates (with the caveat that swaptions are elevated for both tenors relative to their five-year history, especially at the front-end).Perhaps a semblance of stability might be creeping back into the Treasury market. Like Bloomberg's Five Things? [Subscribe for unlimited access]( to trusted, data-based journalism in 120 countries around the world and gain expert analysis from exclusive daily newsletters, The Bloomberg Open and The Bloomberg Close. Before it's here, it's on the Bloomberg Terminal. Find out more about how the Terminal delivers information and analysis that financial professionals can't find anywhere else. [Learn more](. 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