UK Prime Minister Burnham said he is prepared to make tough decisions on welfare.

Analyst Curran flagged a potential new Fed focus in the US nonfarm payrolls report: a pickup in hourly wage growth. Wage gains have been the missing piece in the inf picture; policymakers have previously said they do not view the labor market as a source of inf. The question is whether wages will begin to accelerate and whether the labor market will move toward overheating. That has not occurred yet, but the change warrants attention.

Eurozone retail sales YoY 0.4% in September vs 0.6% expected; August revised up to 1.3% from 0.8%.