The assessment of the current economic situation in Germany has also continued to improve. The indicator currently stands at 88.8 points, an increase of 1.8 points compared to October. The financial market experts’ expectations regarding economic development in the Eurozone improved considerably after the drop experienced in the previous month. The corresponding indicator rose by 4.2 points to a level of 30.9 points. The indicator for the current economic situation in the euro area also experienced a very strong increase, climbing to 47.8 points in November, 11.3 points higher than in October. As a result, the economic prospects for the euro area have also improved considerably.

In the US session PPI data was published. The Producer Price Index for final demand increased 0.4 percent in October, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. Final demand prices advanced 0.4 percent in September and 0.2 percent in August. On an unadjusted basis, the final demand index increased 2.8 percent for the 12 months ended in October, the largest rise since an advance  of 2.8 percent for the 12 months ended February 2012. Within final demand in October, prices for final demand services rose 0.5 percent, and the index for final demand goods moved up 0.3 percent.  

From Eurozone, tomorrow, Trade Balance data will be published. Analysts predict trade baalnce surplus of 21.2 billion euros. n the US session CPI, Retail Sales and Empire State Manufacturing Index figures will be released. CPI is expected to rose by 0.1%, while Retail Sales should remain unchanged. Empire State Manufacturing Index should decline to 25.5.

Figures to watch:

Trade Balance (Wednesday 11:00)

CPI (Wednesday 14:30)

Retail Sales (Wednesday 14:30)

Empire State Manufacturing Index (Wednesday 14:30)