In the US session CPI and Retail Sales dana was published. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1 percent in  October on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics  reported today. Over the last 12 months, the all items index rose 2.0 percent.  The index for all items less food and energy increased 0.2 percent in October.  In addition to the shelter index, the indexes for medical care, used cars and  trucks, tobacco, education, motor vehicle insurance, and personal care were among those that increased. The indexes for new vehicles, recreation, and  apparel all declined.

Separate report on Retail Sales showed that U.S. retail sales unexpectedly rose in October as an increase in purchases of motor vehicles and a range of other goods offset a decline in demand for building materials. The data suggested consumer spending remained fairly strong early in the fourth quarter. The Commerce Department said on Wednesday retail sales increased 0.2 percent last month. Economists polled by Reuters had forecast that retail sales would be unchanged in October. The slowdown from September's robust pace largely reflected an unwinding of the boost to building materials and gasoline prices after recent hurricanes.

Focus of tomorrow's session will be on Australian job data. Number of employed should increase by 17,500, while Unemployment Rate should remain unchanged at 5.5%. In the US session Unemployment Claims and Industrial Production figures will be published. Unemployment Claims are expected to decline to 235,000, while Industrial Production should increase by 0.5%.

Figures to watch:

Employment Change/Unemployment Rate (Thursday 3:30)

Unemployment Claims (Thursday 14:30)

Industrial Production (Thursday 15:15)