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European markets seen opening lower
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Second day of EU summit
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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
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Create account Try a demo Download mobile app Download mobile app9:00 am GMT - Italy, industrial production for October. Expected: -4.3% YoY. Previous: -5.1% YoY
1:30 pm GMT - US, PPI inflation for November.
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Headline. Expected: 0.8% YoY. Previous: 0.5% YoY
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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
