Euro area annual inflation is expected to be 0.1% in November 2015, stable compared with October 2015, according to a flash estimate from Eurostat. Analysts were anticipating increase to 0.2%. Looking at the main components of euro area inflation, food, alcohol & tobacco is expected to have the highest annual rate in November (1.5%, compared with 1.6% in October), followed by services (1.1%, compared with 1.3% in October), non-energy industrial goods (0.5%, compared with 0.6% in October) and energy (-7.3%, compared with -8.5% in October).
From Eurozone, tomorrow, Spanish and Italian Services PMI data will be published. Slight increase to 56.2 and 53.9 respectively is anticipated. However, the focus of the session will be on ECB Meeting and possibility of announcement of new stimulus measures. In the US session Unemployment Claims and Non-Manufacturing PMI figures are scheduled for a release. Unemployment Claims are expected to increase to 269,000, while Non-Manufacturing PMI should decline to 58.1.
Figures to watch:
Spanish Services PMI (Thursday 9:15)
Italian Services PMI (Thursday 9:45)
Minimum Bid Rate/ECB Press Conference (Thursday 14:30)
Unemployment Claims (Thursday 14:30)
ISM Non-Manufacturing PMI (Thursday 16:00)
Last modified on Wednesday, 02 December 2015
