Events that marked the week:
Monday's session brought Eurozone CPI data. Euro area annual inflation was 0.1% in October 2015, up from -0.1% in September. This was also up from prelim reading that showed no change. In October 2014 the rate was 0.4%. European Union annual inflation was 0.0% in October 2015, up from -0.1% in September. A year earlier the rate was 0.5%. The largest upward impacts to euro area annual inflation came from vegetables (+0.14 percentage points), restaurants & cafés (+0.10 pp) and fruit (+0.07 pp), while fuels for transport (-0.68 pp), heating oil (-0.22 pp) and gas (-0.09 pp) had the biggest downward impacts.
Tuesday's session was marked by Economic Sentiment figures for Germany and Eurozone. The ZEW Indicator of Economic Sentiment for Germany has increased in November 2015
. Gaining 8.5 points compared to the previous month, the index now stands at 10.4 points. Smaller incline to 6.7 points was expected. The indicator has improved for the first time following seven consecutive declines.
Financial market experts' sentiment concerning the economic development of the Eurozone has weakened. ZEW’s Indicator of Economic Sentiment for the Eurozone has decreased by 1.8 points to a reading of 28.3 points. Analysts were anticipating increase to 35.2. Gaining 1.2 points in September 2015, the indicator for the current situation in the euro area has climbed to a value of minus 10.0 points.
Next week markets will be looking at:
French Flash Manufacturing PMI/French Flash Services PMI (Monday 9:00)
German Flash Manufacturing PMI/German Flash Services PMI (Monday 9:30)
Flash Manufacturing PMI/ Flash Services PMI (Monday 10:00)
German Ifo Business Climate (Tuesday 10:00)
M3 Money Supply (Thursday 10:00)
