From Eurozone, on Friday, Spanish CPI and German Consumer Climate figures were released. The annual rate for the overall Spanish Consumer Price Index (CPI) in October was ‒0.3%, four tenths higher than that registered in the previous month. Analysts were predicting annual rate of -0.5%. The annual change of core inflation increases one tenth, reaching 0.9%. The monthly change of the overall index is 0.6%.The groups that most contributed to this variation were transport, whose rate increased seven tenths up to –5.7% and communications, whose rate stood at 0.5%, more than one point higher that that registered in the previous month.
On Monday, German Prelim CPI data is scheduled for a release. Analysts are predicting 0.3% increase. In the US session Chicago PMI and Pending Home Sales figures will be published. Chicago PMI is expected to decrease to 54.3, while Pending Home Sales should mark 1.6% rise.
Figures to watch:
German Prelim CPI (Monday)
Chicago PMI (Monday 15:45)
Pending Home Sales (Monday 16:00)
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