Economic calendar: Speeches from RBA and ECB chiefs

• Markets gain following ASEAN trade deal

• RBA Governor and ECB President scheduled to speak

European markets are seen opening higher following strong gains during the Asian session. Massive free trade agreement was signed by 15 countries from the Asia-Pacific region over the weekend and it looks like to be the main driver for the markets today. Apart from that, economic calendar is light and there are no key releases scheduled. Speeches from central bankers, including RBA Governor and ECB president may trigger some volatility on the FX markets.

9:00 am GMT - Italy, CPI inflation for October. Expected: -0.3% YoY. Previous: -0.6% YoY

1:00 pm GMT - Poland, core CPI inflation for October. Expected: 4.2% YoY. Previous: 4.3% YoY

1:30 pm GMT - US, NY Empire index for November. Expected: 12.8. Previous: 10.5

1:30 pm GMT - Canada, manufacturing sales for September. Expected: 1.5% MoM. Previous: -2% MoM

Central bankers speeches

• 8:40 am GMT - RBA Governor Lowe

• 9:00 am GMT - ECB de Guindos

• 1:00 pm GMT - ECB President Lagarde

• 1:30 pm GMT - ECB Mersch

• 7:00 pm GMT - Fed Clarida