A couple of market movers on the calendar today.

First is Australian Q3 CPI at 0030 GMT. The trimmed mean is expected up 2.2% y/y with headline inflation forecast at 1.6%.

At 0145 GMT, HSBC releases the flash PMI for October. The Sept reading was 47.9. It was the 11th consecutive month of sub-50 readings and new export orders were particularly soft.