Focus of European part of Tuesday session was on CPI and PPI data,The rate of inflation faced by households has accelerated slightly. The Consumer Prices Index, increased by 1.3% in the year to October 2014, up from 1.2% in the year to September. Analysts were expecting no change. Month on month, the PPI input price measure of UK manufacturers materials and fuels, fell 1.5% between September and October, missing forecasts on decline by 1.4% f , compared with a fall of 0.6% between August and September. US session was marked by PPI figures.The Producer Price Index for final demand rose 0.2% in October, seasonally adjusted, beating expectations on 0.1% fall. This increase followed a 0.1% decline in September and no change in August. On an unadjusted basis, the index for final demand advanced 1.5% for the 12 months ended in October, the smallest 12-month increase since a 1.2% rise in February 2014. Core PPI increased by 0.4%. Analysts were anticipating 0.2% incline. As for tomorrow, from the UK, BoE Meeting Minutes will be released and should bring a lot of volatility to the markets, though nothing new cannot be expected since BoE made its stanzas clear last week at Inflation Report Hearings. In the US session Building Permits and Housing Starts figures are scheduled for a release as well as FOMC Meeting Minutes. Both Housing Starts and Building Permits data should show figure slightly above 1 million. However, focus of the session will be on FOMC Meeting Minutes as markets are anticipating further hints on rate hike. Figures to watch: MPC Asset Purchase Facility Votes/MPC Official Bank Rate Votes (Wednesday 10:30) Building Permits/Housing Starts (Wednesday 14:30) FOMC Meeting Minutes (Wednesday 20:00)