Eurozone CPI accelerated to 1.0% yoy in November, up from 0.7% yoy, beat expectation of 0.8% yoy. CPI core also accelerated to 1.3% yoy, up from 1.1% yoy, beat expectation of 1.2% yoy.
Germany unemployment dropped -16k in November, versus expectation of 5k rise. Unemployment rate was unchanged at 5%, matched expectations. Retail sales, however, dropped -1.9% mom, much worse than expectation of -0.2% mom.