Economic calendar: German survey data, ECB speakers

• European indices set to open lower 
• German IFO index for December, ECB speakers
• BoJ and CBRT rate decision, RBA minutes later into the week

European index futures point to a slightly lower opening of today's cash session on the Old Continent. This comes after Wall Street indices snapped a 6-day winning streak on Friday and indices from Asia-Pacific traded lower during the session earlier today. USD is pulling back, providing support for precious metals. Antipodean currencies (AUD and NZD) are top perfomers among G10 currencies. Newsflow so far was light with no major, market-moving headlines surfacing over the Asian session.

Economic calendar for today is light, with German survey data being the only release of note. However, things get more interesting later into the week with BoJ and CBRT rate decision, RBA minutes and US PCE inflation data. 

9:00 am GMT - Germany, IFO Business Climate index for December. Expected: 87.8. Previous 87.3

1:00 pm GMT - Poland, core CPI inflation for November. Expected: 7.3% YoY. Previous: 8.0% YoY

10:45 pm GMT - New Zealand trade balance for November. Expected: -1.2 billion NZD. Previous: -1.709 billion NZD

Central bankers' speeches

• 10:30 am GMT - BoE Broadbent
• 10:45 am GMT - ECB Vujcic
• 12:00 pm GMT - ECB Wunsch
• 1:30 pm GMT - ECB Schnabel
• 3:00 pm GMT - ECB Lane

Key events in the later part of the week

Tuesday

• 0:30 am GMT - RBA minutes
• 3:00 am GMT - Bank of Japan rate decision
• 1:30 pm GMT - Canada, CPI for November
• 9:40 pm GMT - API report on oil inventories

Wednesday

• 7:00 am GMT - UK, CPI inflation for November
• 3:00 pm GMT - US, CB consumer confidence index for December
• 3:30 pm GMT - DOE report on oil inventories

Thursday

• 11:00 am GMT - CBRT rate decision
• 1:30 pm GMT - US, GDP report for Q3 (revision)
• 1:30 pm GMT - Canada, retail sales for October
• 3:30 pm GMT - EIA report on natural gas storage

Friday

• 7:00 am GMT - UK, retail sales for November
• 1:30 pm GMT - US, PCE inflation for November
• 1:30 pm GMT - Canada, monthly GDP report for October
• 3:00 pm GMT - US, UoM consumer sentiment index for December (final)