A series of releases and speeches on the 12th, including the UK's September industrial production and July-September GDP and U.S. October existing-home sales and initial jobless claims, are expected to provide market cues. A BOJ board member is also scheduled to speak, while domestic inflation and monetary-policy indicators will be in focus.
The UK will release September industrial production and July-September gross domestic product (GDP) at 16:00. Market consensus points to a 1.6% month-on-month increase in industrial production and a 1.4% quarter-on-quarter increase in GDP, with potential implications for perceptions of the European economy. The ECB's economic bulletin is also scheduled for release at the same time, making the euro another point to watch.
In Japan, the domestic corporate goods price index for October is scheduled for release at 8:50, followed by a speech by a BOJ board member at 10:30, with reactions in the bond and foreign-exchange markets anticipated. The October Tokyo office vacancy rate will be released at 11:00, and its movement from the previous 1.85% will be a factor for real estate stocks.
In corporate news, EQT's tender offer for Kakaku.com reaches its deadline. Whether the offer succeeds and the level of applications will attract market attention.
In the U.S., initial jobless claims will be released at 22:30 and October existing-home sales at 24:00, with attention on mortgage-rate trends and the evolution of demand. The October budget balance will then be released at 28:00, with the assumed deficit amount a market focus.
The presidents of the Federal Reserve Banks of Cleveland, Chicago, San Francisco and New York are also scheduled to speak, and differences in their views on monetary policy could affect the market.