PBOC sets yuan reference rate for today at 6.7734 (vs. yesterday at 6.7641)

USD/ CNY mid rate

In Open market operations (OMOs)

• PBOC Inject 100bn yuan through 7-day reverse repos
• PBOC Inject 60bn yuan through 14-day reverse repos
• PBOC Inject 30bn yuan through 28-day reverse repos

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Earlier, the official October PMIs:

• China Manufacturing PMI: 51.2 (vs. 50.3 expected)
• China Services PMI 54.0 (prior 53.7)

And, still to come from China, due at 0145GMT, the private, Caixin, manufacturing PMI

• expected 50.1, prior 50.1