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Germany’s preliminary Nov CPI worth watching – Westpac

FXStreet (Barcelona) - The Westpac team highlights the calendar events today and state that the OPEC meeting and Germany’s preliminary Nov CPI as the most noticeable.

Key Quotes

“In Europe we see Germany’s Nov unemployment data, expected to be about flat on jobless total, the unemployment rate steady at 6.7%.”

“Germany’s preliminary Nov CPI is also worth watching, expected to slip to 0.6% y/y from 0.8% y/y. This comes ahead of the important Eurozone CPI Friday.“

“The OPEC meeting takes place in Vienna (press conference 4pm local time), with crude oil price action suggesting diminishing expectations for a supply cut. US markets are closed for Thanksgiving and trade shortened hours on Friday.”

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