Asia-Pacific

In China, market participants will turn their attention to October inflation and trade data. Inflationary pressures are expected to remain subdued, with the annual inflation rate forecast to slow to 0.8% amid persistent weakness in domestic demand. By contrast, PPI inflation is expected to accelerate to 5.4%, reflecting higher energy and commodity prices. Meanwhile, the trade surplus is seen narrowing slightly, although resilient external demand for technology and AI-related products is expected to keep both exports and imports robust. China will also release vehicle sales, current account and new yuan loans data, with new credit expected to slow sharply to CNY 80 billion. In Japan, investors will focus on the Bank of Japan's Summary of Opinions from its October policy meeting, at which the central bank kept its policy rate unchanged at a 31-year high of 1.25%, following September's rate hike. Other key releases include household spending, expected to rise by a stronger 0.3%, current account data, forecast to show a narrower surplus, machine tool orders, PPI inflation, expected to rebound by 0.3%, and the Reuters Tankan index. India is also due to publish October inflation data, with the annual rate expected to accelerate to 5.93%. In Australia, attention will centre on consumer and business confidence, home loans and consumer inflation expectations. Elsewhere across the region, GDP figures are due from the Philippines and Hong Kong, while South Korea and Malaysia will report unemployment data and Taiwan will release trade figures. Finally, Indonesia and Thailand are set to publish their latest consumer confidence readings. On the earnings front, SMCI, Mitsubishi Financial, Honda and Softbank are among companies due to publish quarterly results. 

Shanghai, China