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Clinton Expands Lead Over Trump in Latest Bloomberg Poll

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China GDP remains stable, Clinton extends her lead over Trump, and the U.K. labor market shows an income-squeeze beginning. Here are some of the things people in markets are talking about today.

China GDP

Third quarter growth in China rose 6.7 percent, signalling the country is in line to meet the government's projection for full year GDP expansion of between 6.5 and 7.0 percent. Growth was led by retail sales, which gained 10.7 percent, while industrial output missed estimates, with a rise of 6.1 percent. The Shanghai Composite Index closed virtually unchanged on the day, remaining close to a six-week high. Yesterday, the U.S. Treasury Department released data showing that China's holdings of U.S. Treasuries have fallen to the lowest level since November 2012.

Clinton lead

Democratic presidential nominee Hillary Clinton has a nine point lead over Donald Trump in the latest Bloomberg Politics national poll. Some are already calling the race effectively over, with bookmaker Paddy Power yesterday paying out more than $1 million on bets that Clinton would win the race to the White House. 

U.K. unemployment

The jobless rate in the U.K. remained at 4.9 percent, an 11-year low. Real basic pay growth slowed to 1.7 percent, and firms are already reporting cuts to hiring and investment plans. The pound rallied above $1.23 after the data was released. The pound's rally over the past couple of days has done little to mitigate the collapse in the currency since the Brexit vote, however, a drop that is either good or bad news, depending on who you ask.

Markets steady

Overnight the MSCI Asia Pacific Index added 0.3 percent while Japan's Topix index rose less than 0.1 percent in thin trading ahead of earnings. In Europe, the Stoxx 600 Index was 0.2 percent lower at 6:19 a.m. ET. S&P 500 futures were little changed. In fixed income markets, the big event today is the Saudi Arabian sovereign bond offering which is expected to total $17.5 billion, according to a person familiar with the matter.

Coming up..

It's Bank of Canada decision day, with Governor Stephen Poloz expected to keep interest rates unchanged when the announcement is made at 10:00 a.m. ET. In the U.S., housing starts data are due at 8:30 a.m. while the latest Beige Book is expected at 2:00 p.m. This evening, permanent Federal Reserve voting member Bill Dudley is due to give a speech at 7:45 p.m. in New York.

What we've been reading 

This is what's caught our eye over the last 24 hours.

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