US October PPI data due at 21:30 Beijing time

The release matters less for the PPI print itself than for what it implies about the inflation pipeline feeding into consumer prices, which is why it lands ahead of the CPI data. With no forecast figures attached to the notice, the market has no anchor for interpreting the number, so the reaction may hinge on how the reading compares with recent trends rather than any consensus. The open question is whether the wholesale price signal, once published, shifts expectations for the consumer inflation data that follows.