Wednesday's session brought German CPI and Spanish CPI figures. The inflation rate in Germany as measured by the consumer price index is expected to be 1.8% in November 2017. Based on the results available so far, the Federal Statistical Office (Destatis) also reports that the consumer prices are expected to increase by 0.3% on October 2017. According to the flash estimate issued by the INE, Spanish annual inflation of the CPI in November 2017 is 1.6%. This indicator provides a preview of the CPI that, if confirmed, would imply the maintenance of its annual change, given that in October this change was 1.6%.

Thursday's session was marked by Eurozone CPI figures. Euro area annual inflation is expected to be 1.5% in November 2017, up from 1.4% in October 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 November (4.7%, compared with 3.0% in October), followed by food, alcohol & tobacco (2.2%, compared with 2.3% in October), services (1.2%, stable compared with October) and non-energy industrial goods (0.4%, stable compared with October).

From Eurozone, on Friday, Spanish Manufacturing PMI figures were released. The PMI rose to 56.1 in November from 55.8 in October, the highest reading since February 2007. Operating conditions have now improved on a monthly basis throughout the past four years. The rate of growth in manufacturing output quickened for the third successive month in November, reaching the strongest since May 2015. The sharp rise in production resulted in a third successive monthly increase in stocks of finished goods, the fastest in nine years.

This week markets will be looking at:

Spanish Unemployment Change (Monday 9:00)