An official at the Italian Prime Minister's Office said Italy has no candidate to recommend for ECB president, is assessing nominations from Spain and the Netherlands, and will make a reasoned choice.

US average hourly earnings, October m/m +0.4% vs +0.3% expected; September revised from +0.1% to +0.3%.

The Sichuan Provincial Development and Reform Commission issued measures to promote high-quality private investment, saying it will relax admission thresholds for the defense science and technology industry. The measures streamline one-stop services and joint-review procedures and support private firms in obtaining military-industry access qualifications provided they meet legal, security and confidentiality requirements. They encourage private investment under the Guidance Catalogue for Social Investment in Defense Science and Technology (Open category, 2010 edition); projects that meet the catalogue will face no cap on private capital share. Sichuan will also promote qualified private firms to orderly, compliant expansion into complete weapon systems and high-end key subsystems.