Guide to today’s important data and events

Lot of economic dockets scheduled for today, some with high risks associated. Focus on US GDP and German CPI.

Data released so far 

• Australia - Import price index rose by 1.4% in third quarter, while export price growth remained flat.

• UK - Nationwide house prices grew 0.6% in October, up 3.9% from a year ago.

• Spain - Flash reading showed HICP inflation dropped -0.9% in October, while retail sales up 4.3% in September from a year ago.

• Germany - Unemployment rate remained same at 6.4%, while unemployment dropped by 5000.

Upcoming 

• UK - Consumer credit and net lending to individuals to be released at 9:30 GMT along with M4 money supply. Conference board trade survey to be released at 11:00 GMT.
• Euro zone - Euro zone confidence data to be released at 10:00 GMT.
• Portugal - Portugal will release business and consumer confidence for October today.
• US - Initial jobless claims data to be released 12:30 GMT, along with flash reading on third quarter GDP. Economy is expected to grow at 1.5% in third quarter. Pending home sales data scheduled at 14:00 GMT. EIA will release natural gas inventory report at 14:30 GMT. FED's Lockhart is scheduled to speak around 13:00 GMT.
• Canada - Industrial product price and raw material price index to be released at 12:30 GMT.
• Germany - Flash reading on inflation to be released at 13:00 GMT.
• New Zealand - Building permits scheduled at 21:45 GMT.
• Japan - Consumer inflation data along with unemployment rate and overall household spending to be announced at 23:30 GMT.
• Auction - US will auction 7 year note at 17:00 GMT. Italy will auction 5 year and 10 year bond today.