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Economic calendar (GMT0):
(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)
01:35 Japan Manufacturing PMI (Preliminary) November 52.4 52.7 52.1
01:45 China HSBC Manufacturing PMI (Preliminary) November 50.4 50.2 50.0
05:00 Japan BoJ monthly economic report
07:00 Germany Producer Price Index (MoM) October 0.0% -0.2% -0.2%
07:00 Germany Producer Price Index (YoY) October -1.0% -0.9% -1.0%
07:00 Switzerland Trade Balance October 2.49 Revised From 2.45 -0.3% 2.57 3.26
07:58 France Manufacturing PMI (Preliminary) November 48.5 48.9 47.6
07:58 France Services PMI (Preliminary) November 48.3 48.6 48.8
08:28 Germany Manufacturing PMI (Preliminary) November 51.4 51.5 50.0
08:28 Germany Services PMI (Preliminary) November 54.4 54.5 52.1
08:58 Eurozone Services PMI (Preliminary) November 52.3 52.3 51.3
08:58 Eurozone Manufacturing PMI (Preliminary) November 50.6 50.9 50.4
09:30 United Kingdom Retail Sales (MoM) October -0.4% Revised From -0.3% +0.3% +0.8%
09:30 United Kingdom Retail Sales (YoY) October +2.3% Revised From +2.7% +3.8% +4.3%
11:00 United Kingdom CBI industrial order books balance November -6 -3 3
12:45 U.S. FOMC Member Tarullo Speaks
The U.S. dollar mixed to lower against the most major currencies ahead of the U.S. economic data. The U.S. consumer price inflation is expected to decline 0.1% in October, after a 0.1% rise in September.
The U.S. consumer price index excluding food and energy is expected to rise 0.2% in October, after a 0.1% gain in September.
The number of initial jobless claims in the U.S. is expected to decline by 4,000 to 286,000.
The existing home sales in the U.S. are expected to decline to 5.16 million units in October from 5.17 million units in September.
The euro traded mixed against the U.S. dollar after the mostly weaker-than-expected purchasing managers' indices (PMI) from the Eurozone. Eurozone's preliminary manufacturing PMI fell to 50.4 in November from 50.6 in October, missing expectations for a rise to 50.9.
Eurozone's preliminary services PMI declined to 51.3 in November from 52.3 in October. Analysts had expected the index to remain unchanged.
Germany's preliminary manufacturing PMI decreased to 50.0 in November from 51.4 in October, missing forecasts of an increase to 51.5.
Germany's preliminary services PMI fell to 52.1 in November from 54.4 in October, missing expectations for a gain to 54.5.
France's preliminary manufacturing PMI dropped to 47.6 in November from 48.5 in October, missing forecasts of a rise to 48.9.
France's preliminary services PMI climbed to 48.8 in October from 48.3 in October, exceeding expectations for a gain to 48.6.
The British pound traded higher against the U.S. dollar after the better-than-expected retail sales from the U.K. Retail sales in the U.K. rose 0.8% in October, exceeding expectations for a 0.4% increase, a 0.4% decline in September. September's figure was revised down from a 0.3% fall.
On a yearly basis, retail sales increased 4.3% in October, beating forecasts of a 3.8% rise, after a 2.3% gain in September. September's figure was revised down from a 2.7% increase.
The Confederation of British Industry released its industrial order books balance. The CBI industrial order books balance climbed to 3% in November from -6% in October, beating expectations for an increase to -3%.
The Canadian dollar rose against the U.S. dollar ahead of the Canadian wholesale sales. Wholesale sales in Canada are expected to climb 0.7% in September, after a 0.2% decline in August.
The Swiss franc traded mixed against the U.S. dollar. Switzerland's trade surplus widened CHF3.26 billion in October from CHF2.49 billion in September, exceeding expectations for a rise to CHF 2.57 billion. September's figure was revised down from a surplus of CHF2.45 billion.
EUR/USD: the currency pair traded mixed
GBP/USD: the currency pair climbed to $1.5705
USD/JPY: the currency pair fell to Y117.95
The most important news that are expected (GMT0):
13:30 Canada Wholesale Sales, m/m September +0.2% +0.7%
13:30 U.S. Initial Jobless Claims November 290 286
13:30 U.S. CPI, m/m October +0.1% -0.1%
13:30 U.S. CPI, Y/Y October +1.7% +1.6%
13:30 U.S. CPI excluding food and energy, m/m October +0.1% +0.2%
13:30 U.S. CPI excluding food and energy, Y/Y October +1.7% +1.8% 14:45
U.S. Manufacturing PMI (Preliminary) November 55.9 56.2
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