Economic calendar: Survey data on the agenda

European markets seen opening lower
Second day of EU summit
Michigan consumer sentiment for December

Futures markets point to a slightly lower opening of the European session following mixed trading on Wall Street and in Asia. Today is the second day of the EU summit but leaders have already reached a compromise on the EU budget and recovery fund. Pessimistic tones started to prevail when it comes to Brexit with the no-deal scenario getting more and more probable. Today's European economic calendar is light with no major releases. However, investors will be offered a flash December release from University of Michigan in the afternoon.

8:00 am GMT - Spain, CPI inflation for November (final). First release: -0.8% YoY

9:00 am GMT - Italy, industrial production for October. Expected: -4.3% YoY. Previous: -5.1% YoY

1:30 pm GMT - US, PPI inflation for November.

Headline. Expected: 0.8% YoY. Previous: 0.5% YoY
Core. Expected: 1.5% YoY. Previous: 1.1% YoY

3:00 pm GMT - University of Michigan consumer sentiment for December (flash). Expected: 76.5. Previous: 76.9

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Economic calendar: Survey data on the agenda

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