Guide to today’s important data and events

Lot of economic dockets scheduled for today and some with high risks associated.

Data released so far:

• Japan - Tertiary industry index dropped -0.4% in September. Industrial production edged up 1.1% in September, but still down -0.8% from a year ago. Capacity utilization improved by 1.5% in September.

• Germany - Flash reading showed GDP grew by 0.3% in third quarter, up 1.7% from a year ago.

• France - GDP grew by 0.3% in third quarter, up 1.2% from a year ago. Nonfarm payrolls rose by 0.1% in third quarter.

• Spain - HICP inflation for October came at 0.3% for October, up 0.9% from a year ago.

Upcoming:

• Switzerland - Producer price index for October at 8:15 GMT.
• Italy - Flash reading on third quarter GDP to be released at 9:00 GMT, followed by consumer price index at 10:00 GMT.
• Greece - Flash reading on Greece's third quarter GDP to be released at 10:00 GMT.
• Portugal - Will announce flash third quarter GDP estimate today.
• Euro Zone - Flash estimate of third quarter GDP and trade balance for September to be released at 10:00 GMT.
• India - Trade deficit for October to be released at 11:30 GMT. RBI likely to announce FX reserve details today.
• US - Retail sales for October to be released at 13:30 GMT, along with producer price index. Flash reading on Michigan consumer sentiment to be released at 15:00 GMT. EIA will release natural gas inventory report at 15:30 GMT.
• UK - Conference board will released leading economic index for October at 14:30 GMT.