In the US session Housing Starts and Buliding Permits figure were released. New-home construction in the U.S. fell more than forecast in November after surging a month earlier to a nine-year high, indicating fitful progress in residential real estate. Residential starts slumped 18.7 percent to a 1.09 million annualized rate last month after rising to a 1.34 million pace, Commerce Department data showed Friday. The median projection in a Bloomberg survey called for a 1.23 million pace in November. Ground-breaking jumped 27.4 percent in October, the most since July 1982.
Permits, a proxy for future construction, also fell last month on fewer applications to build apartments. Permits dropped 4.7 percent to a 1.2 million annualized rate, reflecting a 13 percent slide in applications for multifamily dwellings. Permits for one-family homes climbed 0.5 percent, the fourth straight gain.
From Eurozone, on Monday, German Business Climate figures will be published. Analysts predict incline to 110.7. There will be no data releases from USA.
Figures to watch:
German Ifo Business Climate (Monday 10:00)
