The Bank of Japan and Bank of England are set to hold policy-setting meetings this week, but traders are expected to focus on China’s purchasing managers index data.

The Chinese economy is showing signs of stabilization, with the aviation regulatory authority increasing domestic flights by 34%.

The U.S. nonfarm payrolls report for October is expected to show a restrained expansion of 182,000 jobs, a 3.8% unemployment rate, and a 4% year-on-year wage growth, potentially supporting the Federal Reserve’s view that inflationary pressures are decreasing.