In Australia, the Reserve Bank dominates the local agenda. The Board meets on Melbourne Cup Day, but no change in interest rates is expected. The quarterly update on monetary policy follows on Friday. Data releases are mainly second-tier with monthly job advertisements, construction activity and housing finance all issued.
In the US in the coming week the focus will be on the midterm elections on Tuesday and the US Federal Reserve’s interest rate decision handed down on Thursday. Chinese trade and inflation data are also issued.

Ryan Felsman, Senior Economist, CommSec