Canadian Prime Minister Carney said he may meet U.S. President Trump at an Asian summit later this month.

Minutes of the Bank of Japan's October meeting showed some policymakers urged accelerating rate hikes as underlying inflation reaches the bank's 2% target. One member said: "The effects of earlier hikes have not fully emerged and financial conditions remain accommodative. Japan has entered a new phase; the BOJ needs to speed up adjusting policy rates to neutral." Two other members said policy rates should be raised to a level that is "neutral" for the economy as soon as possible. At the Oct. 29-30 meeting the BOJ left its policy rate at 1.25% but said its 14-year effort to hit the price target has been achieved, flagged upside risks to prices and reinforced a hawkish stance.

Analyst Rebecca F. Elliott said the US October inf report is likely to show gasoline prices little changed MoM. AAA said average regular gasoline eased slightly to $4.32/gal in October while diesel edged higher; on a YoY basis gasoline is up about 40% and diesel about 72%.