For this week, the focus is on Tuesday's release of US consumer price index data for October, which is expected to show a notable slowdown in overall consumer inflation rate to 3.3 percent from September's 3.7 percent, thanks to easing energy costs. However, the core measure, excluding food and energy, remains stubborn, forecast at 4.1 percent after rising at the same pace in the prior month.

Monday's data calendar is thin.

India's consumer inflation is seen easing slightly to 4.90 percent in October after falling to 5.02 percent in September from 6.83 percent in August and a recent peak of 7.44 percent in July. The inflation rate has fallen back within the Reserve Bank of India's target range of 2.0 percent to 6.0 percent.

At its latest meeting on Oct. 4-6, the bank's Monetary Policy Committee decided unanimously to leave its policy rate unchanged at 6.50 percent for a fourth straight meeting, following a 25-point hike in February, a 35-point rise in December and 50-point increases at the previous three meetings.

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.