(Bloomberg) -- Monday’s meager moves across Asian stock markets mean one thing: everyone’s waiting for solid news to trade on before getting overly excited one way or another.

There’s light trading volume across the region, and all major benchmarks are posting moves between 0.1 percent and 0.8 percent in either direction. A gauge tracking volatility in Japan’s Nikkei 225 Stock Average has slumped for a fifth straight day.

Even a $31 billion record sales figure from Alibaba Group’s Singles’ Day isn’t giving stocks a big lift (consumer shares aren’t rallying either). Bloomberg Opinion columnist Tim Culpan said that savvy investors would do well not to get caught up in the fluff and hype of the famous sales event.

So what solid news are investors waiting for? Corporate profit and economic growth outlooks are both on top of their minds. Everyone’s going to be watching Asian tech behemoth Tencent Holdings (the beaten down T in the BAT complex), which is slated to report its third-quarter results this week. Analysts have trimmed their estimates without mercy -- Goldman Sachs cut its target price by 17 percent, after CICC lowered its projection by 16 percent last week, data compiled by Bloomberg show.

There’s also U.S. CPI numbers on Wednesday, which could move the greenback and in turn impact markets in this region. The docket this week also includes a plethora of speeches by Federal Reserve officials and retail sales numbers that will provide an important glimpse into the tone of economic activity, inflation and fedspeak through the end of the year.

Of course, if there’s any new information, the trade war between China and the U.S. will also give investors a reason to make decisions. Watch the various summits taking place in Asia this week for added news.

There’s one piece of firm news: oil rose for the first time in 11 sessions on the possibility that OPEC and its allies will cut output next year and after Saudi Arabia said it will reduce sales in December. That provided a boost to U.S. stock-index futures, tough energy shares in Asia slipped for a second day.

Quite a bit has happened in the 66 hours since Hong Kong markets closed last week:

Some notable moves in the region:

• Sunny Optical Tops HSI Gains; New Items Boost Shipments: Citi
• Japan’s Mitsui Mining Slumps Most in 44 Years After Forecast Cut
• Taiyo Yuden Slides as Analysts Question How Much Steam is Left
• Celltrion Drops After 3Q Earnings Miss Est., Brokerages Cut PTs
• Mesoblast Plunges 29% After Patient Study Fails to Meet Endpoint

Stock-Market Summary

• Japan’s Topix index little changed; Nikkei 225 little changed
• Hong Kong’s Hang Seng Index up 0.2%; Hang Seng China Enterprises little changed; Shanghai Composite up 0.8%
• Taiwan’s Taiex index little changed
• South Korea’s Kospi index down 0.3%; Kospi 200 little changed
• Australia’s S&P/ASX 200 up 0.3%; New Zealand’s S&P/NZX 50 up 0.3%
• India’s S&P BSE Sensex Index little changed; NSE Nifty 50 little changed
• Singapore’s Straits Times Index down 0.6%; Malaysia’s KLCI down 0.3%; Philippine Stock Exchange down 0.2%; Jakarta Composite down 0.8%; Thailand’s SET down 0.2%; Vietnam’s VN Index down 0.2%

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