Also, Spanish CPI figures were released. According to the flash estimate issued by the INE, the annual inflation of the CPI in October 2017 is 1.6%. This indicator provides a preview of the CPI that, if confirmed, would imply a decrease of two tenths in the annual rate, since in September this change was 1.8%. This behaviour highlights the increase in prices of fuels (diesel and gasoline/petrol) lower than that of October 2016. In turn, the annual variation of the flash estimate of the HICP in October stands at 1.7%.

Tuesday's session brought Eurozone CPI data. Euro area annual inflation is expected to be 1.4% in October 2017, down from 1.5% in September 2017, according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in October (3.0%, compared with 3.9% in September), followed by food, alcohol & tobacco (2.4%, compared with 1.9% in September), services (1.2%, compared with 1.5% in September) and non-energy industrial goods (0.4%, compared with 0.5% in September).

From Eurozone, on Thursday, Spanish Manufacturing PMI figures were released. The PMI increased to 55.8 in October, up from 54.3 in September and the highest reading since May 2015. In fact, the rate of improvement in the health of the sector was the joint-fastest since the financial crisis. The rate of new order growth quickened for the second month running in October and was the fastest since January. New export orders also rose at a sharper pace, with growth often reflecting new work from other European countries.

This week markets will be looking at:

PPI (Monday 11:00)

German Industrial Production (Tuesday 8:00)

French Industrial Production (Friday 8:45)