REUTERS/Supri After another Saudi price cut, there's no sign of a rally in oil prices. 
The ECB Is Gearing Up For QE. Despite falling short of promising a more serious asset-buying programme in their meeting on Thursday, two senior European central bankers told Bloomberg a parcel of purchases including government debt is being prepared for next month.
JP Morgan Held The Top Spot As Best-Performing Investment Bank In 2014 So Far. According to analytics firm Coalition, JP Morgan comes top by revenue, followed by Goldman Sachs, Deutsche Bank, Citi and BAML in that order.
Blackouts Are Hitting Venezuela Again. Parts of Caracas, the capital of Venezuela, are experiencing blackouts. Venezuela is particularly dependent on oil exports, revenues from which are crumbling as the international price falls.
German Factory Orders Bounced In October. Orders rose 2.5% from September, beating expectations for a 0.5% increase, and calming concerns about Europe's biggest economy.
Asian Markets Are Up. Japan's Nikkei rose 0.19%, Hong Kong's Hang Seng is currently up 1.09%, and the Shanghai composite index is currently up 1.32%.
Cadillac Wants To Sell 500,000 Cars A Year By 2020. General Motors Co's Cadillac aims to increase its global annual sales to over 500,000 cars by 2020, a senior executive said at an event in Shanghai on Friday.
Another Saudi Price Cut Sent Brent Back Below $70. Saudi Arabia cut monthly prices for crude it sells to the United States and Asia, while Iraq is set to export more oil, preventing Brent from staging a recovery after a near 13-percent plunge last week, and sending the price back to $69.28.
Asset Managers Think China's Bad Loans Have Been Underestimated. According to Bloomberg, China Orient Asset Management thinks that China's share of bad loans could be around 1.5%, rather than the 1% that officials state.
European GDP Is Coming. The second reading of eurozone GDP is out at 10 a.m. GMT, with no change from the 0.2% rise in the first reading expected. But the country-by-country and sector-by-sector detail of the economy in the third quarter will also be revealed.
Shanghai's Stock Exchange Saw Volatility At A Four Year High. Stocks on China's biggest exchange plunged from a 2.7% increase, to a 3% drop today, the most volatile swings since 2010, according to Bloomberg.