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China's very important factory sector slowed for a third straight month in October, according to an official survey.

The government's purchasing managers' index hit 49.8 in October, according to the National Bureau of Statistics, unchanged from the previous month. Any number below 50 represents a deceleration in the manufacturing sector.

A separate survey conducted by Chinese media group Caixin showed manufacturing PMI at 48.3 in October, an improvement from 47.2 in September. The index has now been below 50 for eight consecutive months.

The official government manufacturing gauge is heavily weighted toward large enterprises, while the Caixin survey taps a smaller sample size and places greater emphasis on smaller firms.

The data underscore rising concerns about the health of the world's second-largest economy. Beijing reported last month that gross domestic product slid to 6.9% in the third quarter, the slowest pace since the financial crisis.

The factory sector, however, showed initial signs of stabilization. The Caixin survey showed that output and new orders picked up during October, and foreign demand appeared to be recovering.

"The PMIs are consistent with the view that conditions, although still subdued, are starting to show signs of improvement," said Julian Evans-Pritchard at Capital Economics.

Looking ahead, many economists expect Beijing to take further stimulus measures before the end of the year.

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October was the best month for Stocks in the last 4 years. The good momentum may continue to November.

U.S. stock futures are climbing back up from earlier lows. The S&P 500 is getting closer to an all-time high.

Here are 4 tips for today's trading. This will help you decide where you should invest and what to look for:

1. Hot Turkey

Turkey's main Istanbul index is surging around 5% after the ruling AKP party won a surprise outright majority in parliamentary elections. The lira is also jumping versus the U.S. dollar.

"A period of prolonged political uncertainty has come to an end, hence the strong rally of the Turkish lira," explained Simon Smith, chief economist at FxPro.

Still, Turkey's economy remains vulnerable to any rise in U.S. interest rates because of its yawning current account deficit and some analysts say the gains may be short-lived.

2. Stocks to watch

Chipotle, HSBC: Chipotle (CMG) is in the spotlight Monday after the company temporarily closed dozens of restaurants in Washington and Oregon after an E.coli scare. Shares in the restaurant chain have dropped by about 15% since mid-October.

Shares in HSBC (HSBC) are dipping by around 1% in London as investors react to the bank's latest earnings results. Pre-tax profits in the third quarter rose 31% compared to the same period last year, but underlying revenues were down.

3. Earnings and economics

Visa (V), Estee Lauder (EL) and Clorox (CLX) are among the companies reporting ahead of the open.

Then Allstate (ALL), Avis Budget (CAR), AMC Entertainment (AMC) and Fitbit (FIT) will post earnings after the close.

On the economic side, the Institute for Supply Management will release its October manufacturing report at 10 a.m. ET.

4. International markets overview

European markets are not making any major moves in early trading, but there's a positive atmosphere in the markets.

Asian stock markets mostly ended with losses.

This comes as official data shows China's factory sector slowed for a third straight month in October.

China's Premier Li Keqiang also set a new medium term target for growth, saying the world's second biggest economy will need to expand by at least 6.5% per year over the next five years, according to state media. The Chinese government had been targeting 7% growth this year.

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What is it? It's among the primary tools the RBA Reserve Bank Board uses to communicate with investors about monetary policy. It contains the outcome of their decision on interest rates and commentary about the economic conditions that influenced their decision. Most importantly, it discusses the economic outlook and offers clues on the outcome of future decisions.

When? At 10:30am Eastern Time.

Trading Tip: If the announcement will hint towards higher interest rates, you can expect the AUD to rise.

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