The Business News Week Ahead

The week gets rolling early Monday morning out of Japan and China with industrial production and retail sales for the former and manufacturing PMIs for the latter, none of which are expected to show much acceleration. Switzerland will be in focus later Monday with leading indicators expected to be sluggish once again. Inflation data in the week will be highlighted by September's preliminary CPI out of Germany and once again increasing pressure is not the call. Tuesday opens with the quarterly Tankan survey followed by a rate decision by the rate-cutting Reserve Bank of Australia, though the call for the upcoming meeting is a toss up. ISM manufacturing data will be another Tuesday highlight with the rest of the week likely to be slow for market-moving numbers, that is until Friday and the US employment report where improved payroll growth combined with steady and visible wage pressure are the expectations, results that would not be raising many calls for further Federal Reserve rate cuts.