Activity data from China will be the focus. Base effects are expected to likely cause industrial production to drop, although the consensus is for unchanged (y/y figures). The official manufacturing PMI is in contraction. Base effects too should, on the other hand, help retail sales bounce from Covid-impacted October 2022. The data for the first week of October will benefit from the Golden Week holiday.Also Coming up today is the monthly PBOC Medium-term Lending Facility (MLF) rate setting. The MLF rate is currently 2.5%. Due around 0115 GMT. - The MLF rate is a benchmark interest rate that banks in China can use to borrow funds from the People's Bank of China for a period of 6 months to
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