The European Central Bank (ECB) meeting on Thursday will be one of the key events this week. Markets expect the ECB to maintain rates amid increased global uncertainty and despite the inflationary impact of higher oil prices. A hold is also expected by the Bank of Canada (Wednesday), while for the U.S.--in a blackout period for the Federal Reserve--the major data release will be the first estimate of third-quarter GDP (Thursday). Looking further afield, a suite of global flash purchasing managers' index data for October (Tuesday) will give a glimpse into fourth-quarter economic activity. This might also be complemented by the start of third-quarter earnings season led by technology and financial institutions.