A jump in the Nikkei led Asian markets higher on Monday as Japan looked close to installing a new prime minister, while a reading on U.S. inflation this week is expected to be no more than a speed bump on the way to further rate cuts there. Data showed China's economy grew 1.1% in the third quarter, to top forecasts, while industrial output also beat with a rise of 6.5%, which could reinforce Beijing's determination to fight a lengthy trade war with the United States.

But on an annual basis, its 4.8% growth marked the weakest pace in a year. And, a continued fall in Chinese home prices showed the property sector remained a big drag on the economy, household wealth and spending, with retail sales up a modest 3.0% on the year.

Investors are hoping from more stimulus as policymakers convene

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