INFLATION

This week, the two largest economies will have political transitions, three central banks will meet, and Greece's parliament is set to vote on key reforms.

The Philippines' rate of inflation continued to decrease in October from the previous month, indicating that the country’s inflationary pressures are well contained, providing room for further monetary easing policy measures required to boost economic growth.

Asian markets are likely to begin the week on a positive note as better-than-expected U.S. non-farm payroll data have suggested that the strength of the economic recovery in the world's largest economy is gaining some traction.

China's non-manufacturing activity rose in October compared to that in the previous month, decreasing the concerns over the slowdown in the economic growth of the country.

The Bank of Japan has assured that it will continue to ease the monetary policy to help the country overcome deflation and return to a sustainable growth path.

Japan's monetary base rose in October compared to that in the previous month, indicating that the monetary easing policies are leading to an increase in the amount of currency in circulation, which in turn results in reviving economic growth.

Rising euro zone unemployment in September plus high inflation doesn't bode well for consumer spending for rest of 2012.

The Federal Reserve on Wednesday stuck to its plan to keep stimulating the U.S. economy until the job market improves and repeated its vow to keep rates near zero until mid-2015.

Key reports this week include the preliminary release of U.S. Q3 GDP, October FOMC rate decision and China HSBC PMI data.

According to the official data released Thursday, China’s industrial production rose in September compared to that in the previous month, indicating an upswing in the manufacturing output.

India’s headline inflation in September rose at a higher than- expected rate to 7.8 percent, touching 10-month high, diminishing chances of interest rate cuts by the RBI.

The rate of inflation in China slowed down in September from the previous month, showing signs of a gradual decline in price pressure to make room for monetary easing.

Most of the Asian stocks fell Monday as investor sentiment was weighed down by concerns of weakening global economy, which undermined the data from China showing lowering of inflation rate in September

Barack Obama and Mitt Romney will cover both domestic and foreign policies during the second U.S. presidential debate Tuesday.

Indian Finance Minister P Chidambaram urged Reserve Bank of India Saturday, to support the struggling economy by reciprocating the government’s attempts to rein in fiscal deficit, while further strengthening industries and markets plea for monetary easing.

Market participants are likely to focus on the economic reports in a data-heavy week. Reports on retail sales, Empire manufacturing, Philly Fed, housing starts and inflation from the U.S. are due to be released next week.

India's retail inflation rate moderated to 9.73 percent in September from the 10.03 percent in August, mainly by a marginal fall in fuel prices, according to the data released by the Ministry of Statistics and Program Implementation.

China's growth likely bottomed in the third quarter, but this cycle might look "W-shaped" as there could be small volatility at the bottom.

With the Bank of Japan deciding to keep its monetary policy unchanged, investors feel that there is an urgent need to take measures for enhancing the growth potential of the economy.

The U.S. Federal Reserve's assessment of current conditions, as well as data on inflation and trade, will highlight the economic calendar this week.

Minutes from the September meeting of the Federal Reserve's rate-setting committee show it was a tense affair.