Renju Jaya

Business confidence survey data from Germany is the only major economic report due on Monday, headlining a light day for the European economic news. At 2.00 am ET, manufacturing sentiment and capacity utilization figures are due from Turkey.

German sentiment softened in November on a notable deterioration in current conditions as economic struggles deepened, survey results from ifo Institute showed on Monday.

UK shop prices dropped at a slower pace in November, signalling that shoppers are set to face rising price pressures, the British Retail Consortium revealed on Tuesday.

The Reserve Bank of New Zealand reduced its benchmark interest rate by 50 basis points on Wednesday, as inflation moved close to the midpoint of the target range and economic output remains below its potential.

Consumer confidence survey results from Germany and France are the major reports due on Wednesday, headlining a light day for the European economic news.

German consumer confidence is set to deteriorate sharply at the end of the year as income expectations plunged to a nine-month low on growing fears of recession, a closely watched survey showed Wednesday.

Unemployment and retail sales from Germany and flash inflation from the euro area are due on Friday, headlining a hectic day for the European economic news.

Japan's industrial production and retail sales registered weaker-than-expected growth in November and core inflation in the capital came in above the 2 percent target, boosting expectations for an interest rate hike in the near-term.

The French economic growth accelerated as estimated in the third quarter on the Paris Olympic and Paralympic Games and inflation rose only marginally in November, official data revealed on Friday.

German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday.