There were no defaults last week for the first time since early July, while last week negative rating actions marginally outnumbered the positive ones. This week, markets will look at China, where Wednesday's release of third-quarter GDP numbers will provide more insight on the state of the economy. In Europe, markets await this week's release of U.K. inflation and labor market data, which might give a clue to the Bank of England's next interest rate decision, to be announced on Nov. 2. In the U.S., retail sales data will be released on Tuesday.