Lots of economic dockets scheduled for today and some with high risks associated.
Data released so far:
- China: Retail sales in September grew by 10.7 percent y/y. Industrial production growth declined to 6.1 percent. Urban investments grew by 8.2 percent y/y in September. GDP grew by 1.8 percent in the third quarter.
Upcoming:
- United Kingdom: ILO unemployment report will be published at 8:30 GMT.
- Eurozone: Construction output report for August will be released at 9:00 GMT.
- United States: MBA mortgage application data is scheduled for release at 11:00 GMT, followed by Housing starts change and Building permits for September at 12:30 GMT. FOMC member Williams is scheduled to speak at 12:45 GMT. EIA will release crude oil inventory report at 14:30 GMT. Fed will release Biege Beige book report at 18:00 GMT.
- Canada: BoC will announce its monetary policy decision at 14:00 GMT.
- Auction: UK will auction 10 year bond today.


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South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 



