The Week Ahead: 5 Things to Watch on the Economic Calendar

1. European Central Bank Policy Meeting
The European Central Bank's latest interest rate decision is due at 11:45GMT (7:45AM ET) on Thursday, with most of the focus likely to be on President Mario Draghi's press conference 45 minutes after the announcement.
The ECB is not expected to move on rates, but Draghi could offer fresh clues on the time frame of its €80 billion monthly asset-buying program, due to run out in March.

2.U.K. CPI, Employment & Retail Sales
The U.K. Office for National Statistics will release data on consumer price inflation for September at 08:30GMT (4:30AM ET) on Tuesday. Analysts expect consumer prices to rise 0.9%, after increasing 0.6% a month earlier.
At 08:30GMT (4:30AM ET) Wednesday, the ONS will publish the monthly jobs report. The claimant count change is expected to rise by 3,000 in September, with the jobless rate holding steady at 4.9% in the three months to August. Wage growth including bonuses is forecast to rise 2.3%.
On Thursday, the ONS will produce a report on September retail sales at 08:30GMT (4:30AM ET), with analysts expecting an increase of 0.3%, following a drop of 0.2% in the preceding month.

3.U.S. Inflation for September
The Commerce Department will publish September inflation figures at 8:30AM ET (12:30GMT) Tuesday. Market analysts expect consumer prices to ease up 0.3%, while core inflation is forecast to increase 0.2%.
On a yearly base, core CPI is projected to climb 2.3%. Core prices are viewed by the Federal Reserve as a better gauge of longer-term inflationary pressure because they exclude the volatile food and energy categories. The central bank usually tries to aim for 2% core inflation or less.

4.China Q3 GDP
China is scheduled to release data on third-quarter gross domestic product at 2:00GMT on Wednesday (10:00PM ET Tuesday). The report is expected to show the world's second largest economy grew 6.7% in the three months to September.

5.The Bank of Canada's latest interest rate decision is due at 10:00AM ET (14:00GMT) on Wednesday, with most experts expecting the central bank to stand pat on rates.