Renju Jaya

UK house prices increased for the first time in two years in September as expectations about future interest rate cuts lifted housing market activity, survey data published by Royal Institution of Chartered Surveyors, or RICS, showed Thursday.

Monthly GDP estimates, industrial production and foreign trade from the UK and final inflation from Germany are the top economic news due on Friday.

Singapore central bank maintained its monetary policy for the sixth consecutive meeting on Monday as economic growth improved amid a slowdown in inflation.

A near-term fiscal boost as well as a recovery in fuel prices should reduce some of the immediate deflationary risks in China but structural imbalances are set to persist, Capital Economics' economist Gabriel Ng said.

Economic confidence from Germany and unemployment from the UK are due on Tuesday, headlining a busy day for the European economic news.

UK wage growth softened to the lowest in more than two years in the three months to August, adding support to expectations that the central bank will cut interest rates further at the next meeting.

German economic confidence strengthened for the first time four months in October as financial market experts expect more interest rate cuts amid slowing inflation, survey results from the think tank ZEW showed Tuesday.

The Philippine central bank reduced its benchmark rates by 25 basis points for the second straight meeting on Wednesday, as inflation remained low.

The Bank of Thailand unexpectedly lowered its policy interest rate for the first time in more than four years, as inflation is projected to return towards the target range by the end of this year.

The European Central Bank is widely expected to lower its key interest rates on Thursday as concerns about the growth outlook heightened amid inflation falling below the 2 percent target.