The week opens with a bang: first the advance reading for third-quarter Japanese GDP followed by timely October updates on no less than Chinese industrial production and Chinese retail sales where growth for both is expected to be solid. The same combo ‒ industrial production and retail sales ‒ follow on Tuesday where similarly positive results are expected. Japan swings back into focus on Wednesday with the latest on the country's international trade followed on Friday by consumer prices, neither of which have been pleasant reading. One sector of data that has made for spectacular reading is US housing where updates on starts and permits will be posted on Wednesday. Key data from the UK will open on Wednesday with consumer prices followed on Friday by retail sales, the latter for October and which, in contrast to prior strength, may begin to see the effects of renewed lockdowns.
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