This week the focus is on the US third quarter GDP data on Thursday, which is expected to show accelerating economic growth, and September personal spending, income and expenditures prices on Friday, which is likely to indicate consumption remain resilient and inflation is still high.

On the policy front, the Bank of Canada is widely expected to announce on Wednesday that it is holding the key interest rate at 5.0 percent in light of weak results of the bank's quarterly business survey for the September quarter and slight easing in inflation. On Thursday, the European Central Bank is likely to pause after raising interest rates for the 10th straight meeting in September, leaving the policy rate at 4.50 percent.

On Monday, before the European and North American markets open, Singapore's CPI data is forecast to show the annual inflation rate edged up to 4.1 percent in September after easing from 4.1 percent in July to a recent low of 4.0 percent in August due to slower gains in food and durable goods.

The European Commission's consumer confidence index is expected to slide to minus 18.2 in October from minus 17.8 in September, which was nearly 2 points below expectations. September's level was the lowest in half a year and the month's drop was the steepest since last November.

The Chicago Fed national activity index for September is forecast at plus 0.05, up from minus 0.16 in August.

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.