Chinese GDP posted its weakest quarterly growth since 2009, growing an annual 6.9% in third quarter. It beat forecasts of 6.8% but down from 7.0% in the last two quarters. Chinese shares rose nonetheless, hoping the data will prompt policymakers into more monetary easing. China's CSI 300 index rose 0.60%. Shanghai index rose 0.50%.

Other Asian markets posted mixed results, with Japanese Nikkei down 0.39% to 18,223. Australia's S&P\ASX 200 index was down 0.05%. Korea's KOSPI fell 0.22%. India's Nifty rose 0.11%.

Crude oil fell after the data was released, with Brent futures for December falling 23 cents, or 0.45% to $50.25 a barrel. U.S. oil for December fell 21 cents, or 0.44% to $47.52 a barrel.

Dollar was slightly down in early trading, with the Dollar index (DXY) down 0.06% to 94.70. Against Euro it fell to 1.1361. Against Sterling it fell to 1.5440. It rose modestly again Yen to 119.43.

Yen fell after the weak Chinese data, falling against Sterling to 184.40. Against Euro it fell to 135.69.

Euro was nearly flat Against Sterling, after falling three consecutive sessions, it last traded at 0.7357.

Spot gold fell $11.30, or 0.96% to $1,171 an ounce. Silver fell a steep 23 cents, or 1.48% to $15.87 an ounce.

Federal Reserve governor Lael Brainard is due to give a speech today. Investors will be looking into clues regarding future monetary policy, a hawkish tone will encourage Dollar bulls into buying.

National Association of Home Builders (NAHB) is due to release a monthly index on housing market, expected to come at 62 for September, same as August's. A reading above 50 indicates optimism, below 50 indicates pessimism. The data will give investors a broad view of the state of real estate market in U.S. and could impact related stocks.