"The key take-away is that Q4 real consumption, which was on track for -2.5%, is now on track for -3.5%." RBC says the retail report was worse than expected, but "Hopefully, the decline in gas station receipts will feed through to higher sales in other sectors, although that beneficial effect could be dampened by the credit crunch."

Insight Economics says -4.7% Oct import prices was "largely due to plunging energy prices. With energy prices continuing to retreat, a further decline in imported goods prices should be posted next month. In addition, weakness in the global economy is also dampening non-fuel imported goods prices and non-agricultural export prices."

CIBC strategists suggest selling the euro on rallies over $1.2700, with a downside target of $1.1650 (before year end) and a stop at $1.30. The euro has tested and rejected trend resistance as well as its 21-day moving average ($1.2825) over the past 24 hours, they say. "While price action remains extremely volatile, the overall direction is clear; prices are heading lower," the strategists say. Fundamentals are also euro negative. The ECB has cut rates by 50 bps, but the EU two-year bond yields holds 100bps below the ECB target rate, "a sign that there is much rate cutting left to do," they say.

The yen rose, heading for weekly gains against the euro and the dollar, as a drop in U.S. retail sales prompted speculation investors will sell higher-yielding assets and pay back low-cost loans in Japan's currency.
The dollar was poised for a second weekly gain versus an index of the currencies of six major trading partners as investors sought the relative safety of U.S. assets. The yen climbed against the Australian and New Zealand dollars today on bets a Group of 20 nations summit will fail to reach a consensus on resolving the credit crisis, sapping carry trades.

The major indices are pulling upward from their session low, but losses remain steep. All ten of the economic sectors trading down. The financial sector is now the worst performing economic sector. It is down 5.6%, though it was down as much as 6.1% earlier. Every single industry group represented in the sector is in the red; losses are steepest in the industrial REITs industry (-20.3%).

Oil stocks have surrendered earlier gains as crude oil prices come under pressure, whilst technology stocks are pressured after Nokia warned that handset sales will be lower this year than previously forecast. Stocks are also pressured by the weaker than expected US retail sales data. CAC-40 is up 22pts (+0.68%), Xetra-DAX is up 78pts (+1.67%), FTSE-100 is up 65pts (+1.57%).

-- Says lower commodity prices will also damp inflation.

Stocks post steep losses, falling to session lows. Treasuries are recouping some of the decline seen yesterday, with the 10-year note up 37 ticks, sending its yield down to 3.71%. Gold prices are in rally mode, climbing 5.2% to $741.40 per barrel.
The White House said it is talking to Congress about accelerating the $25 billion auto loan package that was already appropriated, Reuters reports. GM (GM 3.00, +0.05) is trading with a slight gain while Ford (F 1.85, -0.5) posts a loss.

"We expect further consumption decline in 1Q 2009, at a more moderate 2% annualized pace.

Stocks encounter renewed selling pressure and fall to their lowest level of the morning. All ten of the major economic sectors are posting hefty losses.
Only the consumer staples sector has kept its losses below 1%. The sector is currently down 0.7%, thanks to leadership from Dow component Coca-Cola (KO 46.78, +0.50).
Consumer staples stocks have held up relatively well this year against broader market forces. Investors have been attracted to their stable business of consumer products, which kick off steady earnings and cash flow.
While the stock market has shed nearly 40% year-to-date, the consumer staples sector is down 17% this year.

"The retail report had a negative impact on our expectation for the Q3 GDP revision as well as our tracking estimate for Q4. We now see Q3 being revised to -1.0% (vs our prior expectation of -0.8% and the original figure of -0.3%). Consumption now appears to have declined 3.3% in Q3. In Q4, we see GDP tracking at -3.7% (vs -3.5% previously) with consumption at -2.4% (vs -2.0% previously)."

Spiked to Y97.50 area as Dow traded to near flat but as stocks subside a bit, so does the dollar. Stops remain largely intact in the Y97.50/60 area. If triggered test of the Thursday high Y98.25/30 is likely. Bids remain at session low of Y96.10

Current conditions 61.4 and expectations 55.7. 1y infl 2.9%, 5y infl 2.9%.

Stocks open with sizable losses. The major indices fail to extend the prior session's rally, which saw the S&P 500 swing from a loss of nearly 4% to finish with a gain of nearly 7%.
Continued volatility is expected as investors and traders search for a bottom to the current bear market. The S&P 500 is currently down more than 40% from its 52-week high and down nearly 39% year-to-date.

- Crises in one world region increasingly affecting others.

The move coincided with the opening of the Nymex floor trading session.

U.S. stock futures fell early Friday after the previous session's roaring gains, as investors awaited a key reading on the retail sector and reacted to reports of massive layoffs at Citigroup.Stock futures have turned lower (S&P futures vs fair value: -18.30. Nasdaq futures vs fair value: -25.50.), suggesting an even weaker opening for the week's final trading session.

Gold spikes up $20.0 to $751.80 session high on back of stop loss buying above $740.00. Resistance is now at $770.00/$777.90.

The following data were published:
10:00 Е15 Harmonized CPI (October) final 0.0%
10:00 Е15 Harmonized CPI (October) final Y/Y 3.2%
10:00 Е15 Harmonized CPI ex EFAT (October) Y/Y 1.9%
10:00 Е15 GDP (Q3) flash -0.2%
10:00 Е15 GDP (Q3) flash Y/Y 0.7%

The yen rose, heading for weekly gains against the dollar and the euro, as signs of a deepening global economic slump prompted investors to pare holdings of higher-yielding assets funded in Japan.
Japan's currency also climbed this week against the Australian and New Zealand dollars on speculation a Group of 20 nations summit starting today will fail to reach a consensus on resolving the credit crisis. The euro headed for a weekly drop after a government report showed Europe's economy fell into its first recession in 15 years in the third quarter, paving the way for deeper cuts to interest rates.
The yen typically rises when demand falls for so-called carry trades, where investors borrow in currencies with low interest rates and buy assets in nations with higher rates.
U.S. President George W. Bush yesterday urged leaders of the world's biggest economies not to abandon free-market capitalism following the seizure in credit markets. G-20 leaders including Australian Prime Minister Kevin Rudd and French President Nicolas Sarkozy have used the crisis to demand greater government control of markets and to attack the U.S. for failing to rein in investors and speculators.
Leaders of G-20 countries gather in Washington to debate proposals ranging from curbing executive pay and restraining hedge funds to raising capital requirements for banks after financial institutions worldwide lost $958 billion on securities tied to U.S. mortgages.
Gross domestic product in the 15 euro nations shrank 0.2 percent from the previous three months, when it also contracted 0.2 percent, the European Union's Luxembourg-based statistics office said today. The two quarters of contraction -- the result of this year's surges in the cost of credit, the euro and oil prices -- mark the first recession since the single currency was introduced almost a decade ago.

EUR/USD the rate continues to be consolidated in the field of a level $1,2700.

- Inflation outlook much more favourable now
- New Staff forecasts to be much more pessimistic
- Today's GDP data reflect real economy deterioration
- If inflation turns negative, only temporary
- ECB will act appropriately;price stability always focus
- Seeing real impact of financial crisis
- Energy price fall could lead to negative HICP

Citigroup now expect the ECB to cut either 75bp or 100bp in December and further cuts in 2009, writes Citi economist Jurgen Michels. The report cites the latest monthly ECB bulletin in combination
with negative economic news (e.g. larger than expected fall in 3Q German GDP and downward revision of the growth and inflation forecasts by the IMF and the OECD). Citi were previously looking for ECB to cut again by at least 50bp in December.

JPM economist Abiel Reinhart says Q3 GDP is tracking -0.7%. He says "September hurricanes may have disrupted exports passing through Gulf Coast ports. Nonetheless, September does not appear to have been a good month for exports, which is likely a sign of things to come. Foreign growth has slowed and the value of the dollar has increased, both of which should damp export growth in future quarters."

The yen rose, heading for weekly gains against the dollar and the euro, as signs of a deepening global economic slump prompted investors to pare holdings of higher-yielding assets funded in Japan.
Japan's currency also climbed this week against the Australian and New Zealand dollars on speculation a Group of 20 nations summit starting today will fail to reach a consensus on resolving the credit crisis. The euro headed for a weekly drop after a government report showed Europe's economy fell into its first recession in 15 years in the third quarter, paving the way for deeper cuts to interest rates.
``This is a difficult environment for risky assets so there's still upside for the yen in coming weeks,'' said Marcus Hettinger, a currency strategist in Zurich at Credit Suisse Group. ``The yen is still undervalued. It is being supported by expectations that interest rates will come down globally and in Japan there is less scope for lower interest rates because they are already very low.''
The yen typically rises when demand falls for so-called carry trades, where investors borrow in currencies with low interest rates and buy assets in nations with higher rates.
U.S. President George W. Bush yesterday urged leaders of the world's biggest economies not to abandon free-market capitalism following the seizure in credit markets. G-20 leaders including Australian Prime Minister Kevin Rudd and French President Nicolas Sarkozy have used the crisis to demand greater government control of markets and to attack the U.S. for failing to rein in investors and speculators.
Leaders of G-20 countries gather in Washington to debate proposals ranging from curbing executive pay and restraining hedge funds to raising capital requirements for banks after financial institutions worldwide lost $958 billion on securities tied to U.S. mortgages.
``No one is betting on volatility going down,'' said Shinichi Takasaka, manager of foreign exchange and financial products trading in Tokyo at Mitsubishi UFJ Trust & Banking Corp., a unit of Japan's largest publicly listed bank. ``I don't see any practical plan coming out of the G-20. That's part of the reason why the yen is rising.''
``We had such a big move yesterday, Japanese exporters are likely to buy the yen on the cheap,'' said Osao Iizuka, head of foreign-exchange trading at Sumitomo Trust & Banking Co. in Tokyo. ``People are also eyeing the G-20 meeting.''
Gross domestic product in the 15 euro nations shrank 0.2 percent from the previous three months, when it also contracted 0.2 percent, the European Union's Luxembourg-based statistics office said today. The two quarters of contraction -- the result of this year's surges in the cost of credit, the euro and oil prices -- mark the first recession since the single currency was introduced almost a decade ago.
``European GDP will confirm the extent of the damage,'' Hans-Guenter Redeker, the London-based global head of currency strategy at BNP Paribas SA, France's biggest bank, wrote in a research note yesterday. ``The BOE might continue to cut rates at a fast pace. We expect sterling to come under further significant downward pressure.''

EUR/USD $1.2705/10, $1.2800, $1.2600, $1.3100, $1.2500
USD/JPY Y96.00, Y96.90, Y98.25/30
USD/CAD C$1.2200, C$1.1770

Resistance 3: Y100.55
Resistance 2: Y98.50
Resistance 1: Y97.90
Current price: Y97.10
Support 1: Y96.35
Support 2: Y95.90
Support 3: Y94.40
Comments: The pair is consolidated near former levels. The nearest support is presented by a level of 50,0 % FIBO of growth Y94,40-Y98,30 on Y96,35. Below possible decrease to Y95,90 (61,8 %) and further to a Thursday's low on Y94,40. The nearest resistance is located in the field of МА (200) for Н1 on Y97,90. Overcoming of the given mark will open road to level Y98,50 (38,2%FIBO falling Y110,65-Y90,90). Above growth to Y100,55 is possible (high of Novembe; above, on Y100,75 the level of 50,0 % FIBO of falling Y110,65-Y90,90is located).

Resistance 3: Chf1.2140
Resistance 2: Chf1.2000
Resistance 1: Chf1.1945
Current price: Chf1.1888
Support 1: Chf1.1830
Support 2: Chf1.1775
Support 3: Chf1.1720
Comments: Tech on USD/Chf hasn't changed. The rate is consolidated after yesterday's sharp falling which has followed the unsuccessful test of psychological mark Chf1,2000 - high of 2008. Return to the given level is possible after overcoming level Chf1,1945. Above Chf1,2000 growth to level Chf1,2140 (area of a high of September of the last year and lows of June and February of the last year) is possible. The nearest support - Chf1.1830 (38,2 % FIBO of growth Chf1.1550-Chf1.2000), further are possible decrease to Chf1.1775 (50,0 %) and below to Chf1.1720 (61.8 %).

Resistance 3: $1.5220
Resistance 2: $1.5060
Resistance 1: $1.4930
Current price: $1.4825
Support 1: $1.4555
Support 2: $1.4280
Support 3: $1.4040
Comments: Tech on GBP/USD hasn't changed. As the nearest support the level of a yesterday's low on $1,4555 (the level $1,4530 is area of a low of June 2002) acts. Below the level $1,4280 (low of April 2002) is located. Overcoming of the given mark will open road to area of low of 2002 on $1,4040. In case of restoration by intermediate resistance there will be an area of a session high on $1,4930. Above are located FIBO levels from falling $1,5880-$ 1,4555 on $1,5060 (38,2 %) and $1,5220 (50,0 %).

Resistance 3: $1.3215
Resistance 2: $1.3040
Resistance 1: $1.2860
Current price: $1.2680
Support 1: $1.2675
Support 2: $1.2565
Support 3: $1.2385
Comments: The pair tests support in the field of $1,2675 (38,2 % FIBO of yesterday's growth). Overcoming of the given level will open road to $1,2565 (61,8 %). Below possible falling to a yesterday's low on $1,2385. In case of continuation of growth by the nearest resistance there will be an area of a yesterday's high on $1,2860. Also it is necessary to note, that in the field of $1,2840 there passes a descending line of resistance since October 14, and the level $1,2880 is a level 38,2%FIBO falling $1,3765-$ 1,2330. Overcoming of area $1,2840-$ 1,2880 will open road to a level $1,3040 (50,0 % of falling $1,3765-$ 1,2330). Above is possible growth to $1,3215 (61,8 %).

Harmonized CPI (October) final 0.0%
Harmonized CPI (October) final Y/Y 3.2%
Harmonized CPI ex EFAT (October) Y/Y 1.9%
GDP (Q3) flash -0.2%
GDP (Q3) flash Y/Y 0.7%

The following data were published:
07:00 Germany CPI (October) final -0,2%
07:00 Germany CPI (October) final Y/Y 2,4%
07:00 Germany HICP (October) final Y/Y 2,5%

The yen rose, heading for weekly gains against the dollar and the euro, on speculation a prolonged global recession will prompt investors to pare holdings of higher-yielding assets funded in Japan.
Japan's currency also climbed this week against the Australian and New Zealand dollars on speculation a Group of 20 nations summit will fail to reach a consensus on how to tackle the global financial crisis. The euro and the pound headed for weekly declines on speculation central banks in Europe and the U.K. will lower interest rates as growth slumps.
U.S. President George W. Bush yesterday urged leaders of the world's biggest economies not to abandon free-market capitalism following the seizure in credit markets. G-20 leaders including Australian Prime Minister Kevin Rudd and French President Nicolas Sarkozy have used the crisis to demand greater government control of markets and to attack the U.S. for failing to rein in investors and speculators.
Leaders of G-20 countries gather in Washington today to debate proposals ranging from curbing executive pay and restraining hedge funds to raising capital requirements for banks.
The yen was also buoyed on speculation its 2.7 percent slide against the dollar and 4.8 percent tumble against the euro yesterday was excessive. U.S. stocks rallied the most in two weeks and crude oil rebounded from a 21-month low yesterday, sparking the yen's decline.
Gross domestic product in the 15 euro nations shrank 0.2 percent in the third quarter after contracting by the same amount in the previous three-month period, according to a Bloomberg survey. Two consecutive quarters of contraction would mark the first recession since the single currency was introduced in 1999. The European Union's statistics office will release the data at 11 a.m. today in Luxembourg.
Germany, Europe's largest economy, entered a recession in the third quarter, data showed yesterday.
The Bank of England is prepared to cut rates from 3 percent after predicting U.K. gross domestic product will contract by an annual 1.8 percent in the first quarter, Governor Mervyn King said on Nov. 12.

EUR/USD having begun session in the field of $1,2770, the pair has decreased in area $1,2670.

Japan's benchmark stocks ended the day higher, boosted by the sharp overnight rally in the US. However, prices ended shy of their best levels. The benchmark Nikkei 225 was ahead by 223.75 points, or 2.72%, at 8 462,39. The broader-based TOPIX was 7.15 points, ot 0.85%, higher at 844.68.

Japan stocks fell to a two-week low as earnings forecasts in the U.S. indicated the world's biggest economy is weakening, and reports Japan's biggest banks may sell new shares raised dilution concerns.
Sony Corp. slumped 8.7 percent after U.S. retailer Best Buy Co. cut its forecast on a spending slowdown, and the yen rose to the highest this month. Chipmaker Elpida Memory Inc. plunged 13 percent after rival Intel Corp. cut its sales forecast. Mizuho Financial Group Inc. sank 6.6 percent on speculation it will sell new shares, and the U.S. Treasury scrapped plans to buy mortgage assets, feeding concern the financial crisis is deepening.
The Nikkei 225 Stock Average dropped 456.87, or 5.3 percent, to close at 8,238.64 in Tokyo. The broader Topix index fell 37.70, or 4.3 percent, to 837.53. Both gauges sank to the lowest since Oct. 29. The Nikkei rallied as much as 33 percent from a 26-year low on Oct. 27, and has since pared that gain by more than half.
``Best Buy's poor earnings is an indication of just how fast consumer sentiment is imploding in the U.S.,'' said Kazuya Nakamura, who helps oversee about $10 billion at Norinchukin Zenkyoren Asset Management Co. in Tokyo. ``The continued expansion of targets for the financial bailout package is also indicative of the severity of the crisis.''
Shimizu Corp. led a rally by construction companies after brokerages lifted their ratings on the companies.

European stocks fell for a third day, led by banks and commodity producers, as Germany sank into recession and the OECD forecast a global economic slump.
Barclays Plc slumped 6.2 percent, and BHP Billiton Ltd. sank 2.3 percent after the Organization for Economic Cooperation and Development reduced its outlook for global growth and predicted an ``extended period of financial headwinds.'' DSG International Plc tumbled 32 percent as the London's Times said the U.K. retailer had its supplier insurance pared back by Atradius.
The Dow Jones Stoxx 600 Index lost 0.6 percent to 204.08, pushing this year's retreat to 44 percent. Germany entered its worst recession in at least 12 years.
Germany's DAX gained 0.6 percent, with Siemens AG rallying after Europe's biggest engineering company said it saw no cancellations of projects. France's CAC 40 climbed 1.1, led by GDF Suez SA on confirmation of its profit target.


U.S. stocks gained for the first time this week as investors snapped up energy shares trading at their cheapest valuations on record, overshadowing a jump in jobless claims and a worsening outlook for technology companies.
Exxon Mobil Corp. and Chevron Corp. led gains in all 40 energy producers in the Standard & Poor's 500 Index as oil rebounded from a 21-month low. CB Richard Ellis Inc., the world's largest provider of commercial real estate services, advanced 45 percent after raising money in a share sale. Dell Inc., the second-biggest maker of personal computers, lost 7 percent as it was added to Goldman Sachs Group Inc.'s ``conviction sell'' list on concern that demand is slowing.
The S&P 500 added 3.3 percent to 880.25 at 2:50 p.m. in New York, reversing a slide of 3.9 percent. The Dow Jones Industrial Average increased 228.98 points, or 2.8 percent, to 8,511.64 after earlier tumbling 317 points. About 11 stocks rose for every two that fell on the New York Stock Exchange.
The gains in oil producers came after the valuation of the S&P 500 Energy Index retreated to less than 6.2 times earnings for the group, the cheapest since Bloomberg began tracking the data in 1995.
Exxon Mobil, the largest oil company, climbed 5 percent to $72.36. Chevron Corp., the second-biggest U.S. energy company, added 6.7 percent to $71.76.
Oil climbed as much as 4.9 percent after a U.S. government report showed a smaller-than-expected supply increase and refiners cut operating rates.
CB Richard Ellis Group Inc., which closed at a four-year low of $3.77 yesterday and sold 50 million shares at that price after the close, rose $1.63 to $5.40. It may use the proceeds to repay debt, make acquisitions, add to working capital or for capital expenditures and investments, it said in a regulatory filing.
Prologis, which slid 35 percent yesterday, jumped 29 percent to $5.75 today. Shares of the world's largest warehouse developer look ``especially attractive'' and the company's announcement yesterday to replace its chief executive officer and cut dividends is ``prudent,'' Barclays Plc wrote in a report.

Resistance 3: Y100.55
Resistance 2: Y98.50
Resistance 1: Y97.90
Current price: Y96.85
Support 1: Y96.35
Support 2: Y95.90
Support 3: Y94.40
Comments: The yen rose, heading for weekly gains against the dollar and the euro, on speculation a prolonged global recession will prompt investors to pare holdings of higher-yielding assets funded in Japan. The nearest support is presented by a level of 50,0 % FIBO of growth Y94,40-Y98,30 on Y96,35. Below possible decrease to Y95,90 (61,8 %) and further to a Thursday's low on Y94,40. The nearest resistance is located in the field of МА (200) for Н1 on Y97,90. Overcoming of the given mark will open road to level Y98,50 (38,2%FIBO falling Y110,65-Y90,90). Above growth to Y100,55 is possible (high of Novembe; above, on Y100,75 the level of 50,0 % FIBO of falling Y110,65-Y90,90is located).

Resistance 3: Chf1.2140
Resistance 2: Chf1.2000
Resistance 1: Chf1.1945
Current price: Chf1.1881
Support 1: Chf1.1830
Support 2: Chf1.1775
Support 3: Chf1.1720
Comments: The rate is consolidated after yesterday's sharp falling which has followed the unsuccessful test of psychological mark Chf1,2000 - high of 2008. Return to the given level is possible after overcoming level Chf1,1945. Above Chf1,2000 growth to level Chf1,2140 (area of a high of September of the last year and lows of June and February of the last year) is possible. The nearest support - Chf1.1830 (38,2 % FIBO of growth Chf1.1550-Chf1.2000), further are possible decrease to Chf1.1775 (50,0 %) and below to Chf1.1720 (61.8 %).

Resistance 3: $1.5220
Resistance 2: $1.5060
Resistance 1: $1.4930
Current price: $1.4802
Support 1: $1.4555
Support 2: $1.4280
Support 3: $1.4040
Comments: Falling of dollar against pound remains limited by expectations of the further decrease in a discount rate by Bank of England. As the nearest support the level of a yesterday's low on $1,4555 (the level $1,4530 is area of a low of June 2002) acts. Below the level $1,4280 (low of April 2002) is located. Overcoming of the given mark will open road to area of low of 2002 on $1,4040. In case of restoration by intermediate resistance there will be an area of a session high on $1,4930. Above are located FIBO levels from falling $1,5880-$ 1,4555 on $1,5060 (38,2 %) and $1,5220 (50,0 %).

Resistance 3: $1.3215
Resistance 2: $1.3040
Resistance 1: $1.2860
Current price: $1.2769
Support 1: $1.2675
Support 2: $1.2565
Support 3: $1.2385
Comments: The pair is corrected after yesterday's growth. As the nearest support acts the level $1,2675 (38,2 % FIBO of yesterday's growth). Overcoming of the given level will open road to $1,2565 (61,8 %). Below possible falling to a yesterday's low on $1,2385. In case of continuation of growth by the nearest resistance there will be an area of a yesterday's high on $1,2860. Also it is necessary to note, that in the field of $1,2840 there passes a descending line of resistance since October 14, and the level $1,2880 is a level 38,2%FIBO falling $1,3765-$ 1,2330. Overcoming of area $1,2840-$ 1,2880 will open road to a level $1,3040 (50,0 % of falling $1,3765-$ 1,2330). Above is possible growth to $1,3215 (61,8 %).

CPI (October) final -0,2%
CPI (October) final Y/Y 2,4%
HICP (October) final Y/Y 2,5%

High Low Close
EUR/USD 1.2856 1.2384 1.2769
USD/JPY 98.26 94.50 97.69
GBP/USD 1.4992 1.4556 1.4836
USD/CHF 1.2001 1.1824 1.1872

EUR/JPY 126.00 117.64 124.76
EUR/GBP 0.8661 0.8335 0.8605
GBP/JPY 145.75 138.86 144.92
GBP/CHF 1.7616 1.7427 1.7612

Change % Change Last
Nikkei -456.87 -5.25% 8,238.64
Topix -37.70 -4.30% 837.53
FTSE -12.81 -0.31% 4,169.21
DAX +28.72 +0.62% 4,649.52
CAC +35.50 +1.10% 3,269.46
Dow +552.51 +6.67% 8,835.17
NASDAQ +97.49 +6.50% 1,596.70
S&P +58.96 +6.92% 911.26
10yr Note +1.5300 +0.417% 3.818%
NYMEX Crude Oil +2.04 +3.63% 58.20
Gold -13.30 -1.85% 705.00

07:00 Germany CPI (October) final -0.2%
07:00 Germany CPI (October) final Y/Y 2.4%
07:00 Germany HICP (October) final Y/Y 2.5%
07:00 Germany Wholesale prices (October) -0.6%
07:00 Germany Wholesale prices (October) Y/Y 5.9%
10:00 Е15 Harmonized CPI (October) final 0.2%
10:00 Е15 Harmonized CPI (October) final Y/Y 3.2% 3.6%
10:00 Е15 Harmonized CPI ex EFAT (October) Y/Y 1.9%
10:00 Е15 GDP (Q3) flash -0.2%
10:00 Е15 GDP (Q3) flash Y/Y 1.4%
13:30 USA Retail sales (October) -0.6%
13:30 USA Import prices (October) -3.0%
13:30 USA Export prices (October) -1.0%
13:30 USA Retail sales excluding auto (October) -1.2%
14:00 USA EIA Crude Oil Stocks change 0.0
14:55 USA Michigan sentiment index (November) preliminary 57.6
15:00 USA Business inventories (September) 0.3%