Here Comes Chinese Inflation...

Chinese consumer and producer prices for September are out at 9:30 p.m. ET.

Economists polled by Bloomberg are looking for consumer prices to rise 2.8% year-over-year (YoY). This compares with a 2.6% rise in August.

Meanwhile, producer prices are expected to fall 1.4% on the year, compared with a 1.6% fall the previous month.

Producer prices have been falling for sometime now but economists believe they bottomed out in July. Markets will be watching the direction of September's PPI number.

Trade data out earlier this weekend already disappointed markets, with exports falling 0.3% year-over-year in September, and imports rising 7.4% on the year.