On an annualized basis, producer prices are predicted to have risen 7.0% in October, down from September's 7.9% gain. Month-over-month, the producer price index is expected to have shrunk by 0.3% in October, deepening the 0.2% contraction from August to September.

Nationwide consumer confidence in the UK is expected to show a drop in November's report. Economists expect confidence to fall to a reading of 54 following October's level of 55.

The UK will also see how the construction sector is coping in the current downturn with the release of the UK Construction PMI, which is expected to fall to a reading of 33.5, down from the prior month's 35.1 level.

All times in EST:

4:30 GB PMI Construction November 33.5 Prior: 35.1

5:00 EU European PPI (Y/Y) October Exp: +7.0% Prior: +7.9%

5:00 EU European PPI (M/M) October Exp: -0.3% Prior: -0.2%

19:01 GB Nationwide Consumer Confidence November Exp: 54 Prior: 55

December 2 IT Bank of Italy Releases Lending and Bad Debt Data for Oct.

December 2-05 GB HBOS Plc house prices (M/M) (SA) November Exp: -1.0% Prior: -2.2%

December 2-05 GB HBOS House Price 3Mths/Year November Exp: -14.2% Prior: -13.7%

By Steve Stecyk, This email address is being protected from spam bots, you need Javascript enabled to view it , edited by Sarah Sussman, This email address is being protected from spam bots, you need Javascript enabled to view it

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