US initial jobless claims four-week moving average for the week ended Oct. 24: 196.75k; prior reading revised from 197.75k to 198.0k.

Shell CFO says Canada needs higher jet fuel output; Europe needs higher diesel output.

Prior +2.2%; market consensus +3.2%. Institutional forecasts for US Q3 real GDP preliminary range from +1.0% (Pantheon Macroeconomics) to +4.2% (Mizuho). Selected forecasts: DBS Group +2.2%, TD Securities +2.5%, Barclays +2.6%, Moody's +2.8%, Jefferies +2.8%, BNP Paribas +3.1%, Citi +3.1%, Morgan Stanley +3.1%, Wells Fargo +3.2%, HSBC +3.3%, UBS +3.3%, Goldman Sachs +3.3%, Deutsche Bank +3.3%, Nomura +3.4%, JP Morgan +3.5%, BofA +3.5%.