The markets were seen trading reasonably quiet. Economic data on the day saw the release of Japan’s producer price index. Data showed that PPI on the year rose to 2.9%, beating estimates of 2.8%. This was, however, slower compared to 3.0% increase seen the previous month.
The European trading session was relatively quiet. Industrial production in Italy fell 0.2% which comes after a 1.7% increase in the month before.
It is a busy day ahead starting with the release of the final inflation figures from Germany. The German final CPI is expected to show a 0.2% increase on the month.
Later in the day, the UK’s ILO jobs report is due. The average earnings index in the three months to September is expected to advance 3.0%, rising from 2.7% previously. This would mark a fourth consecutive increase in wages. The unemployment rate is expected to remain steady at 4.0%.
The Eurozone and the German ZEW economic sentiment report is due later and is expected to show a decline on both counts. The declines reflect the weakening sentiment in the Eurozone.
Fed member, Brainard is scheduled to speak later in the day.
