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US:

The US stock market edged higher on Friday after wholesale prices were unchanged in September, indicating subdued inflation in the US economy.

Asia:

Asian Pacific region were trading higher as investors assess outcome of the Chinese Ministry's briefing over the weekend. Markets in Japan remains closed.

India:

India’s benchmark equity indices closed lower for a second consecutive week on Friday. On Friday, Nifty ended 0.10%, or 24.15 points, down at 24974.3, and Sensex closed 0.22%, or 176.01 points, lower at 81435.40. Market is expected to open on a flattish note and likely to witness range bound move during the day.

Global Economy:

Singapore's central bank on Monday left its monetary settings unchanged, as expected, as data showed the economy perked up in the third quarter though analysts are betting on a loosening in policy early next year to guard against external risks. The Monetary Authority of Singapore (MAS) said it will maintain the prevailing rate of appreciation of its exchange rate-based policy band known as the Nominal Effective Exchange Rate, or S$NEER.

China's passenger vehicle sales rose 4.3% in September from a year earlier, snapping five months of decline with a boost from a government subsidy to encourage trade-ins as part of a broader stimulus package. All the gains came from batterypowered vehicles, whose buyers and manufacturers have benefited since July from a doubling of subsidies to consumers, while sales of gasoline cars in China, a market foreign brands once dominated, continue to shrink.

Commodities:

Gold prices decreased as the U.S. dollar strengthened, with markets awaiting Federal Reserve cues on monetary policy. Investors speculate a rate cut in November. U.S. inflation data favored lower rates, while geopolitical tensions rise with U.S. troop deployment to Israel.

Oil prices dropped by a dollar in early Asian trading on Monday, following disappointing Chinese inflation data that heightened concerns about demand, with Brent crude futures at $77.92 and U.S. West Texas Intermediate at $74.49 per barrel amid uncertainty over potential economic stimulus measures

Currency:

The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China's somewhat disappointing weekend stimulus announcements the focus of market attention.

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