The October US jobs report will be released without a reading of the unemployment rate, the US's top economic adviser said Thursday.

Stocks are falling again this morning as traders price in a lower chance of an interest rate cut next month from the Federal Reserve, which unleashed concerns about overstretched equity valuations.

The pound slid against the dollar, the worst-performing G10 currency. Chancellor of the Exchequer Rachel Reeves dropped plans to raise income taxes, raising questions over how she'll balance the books in her Nov. 26 budget. Gilt yields jumped the most since July, and the pound and the FTSE 100 declined.

Asian stocks fell after US markets declined amid uncertainty over the Fed's interest-rate cuts. South Korea led regional peers lower, while US and European equity futures are largely steady. Bitcoin fell. Gold edged up.

China's economic activity cooled more than expected at the start of the 4Q. Meanwhile, the country's property market downturn will continue and worsen deflationary pressures, former Finance Minister Lou Jiwei warned.