Economic calendar: UoM and GDP to finish the week

European markets expected to open lower
Second reading of euro area Q3 GDP
UoM index seen stable in November

European markets are seen opening slightly lower on the final trading day of the week. There are some interesting macro releases scheduled for today. Euro area GDP reading will be a revision but may offer more details on the composition of growth in the Q3 2020. The University of Michigan index will be key release to watch in the afternoon and it is expected to show a more or less stable situation compared to the previous month.

8:00 am GMT - Spain, CPI inflation for October (final). First release: -0.9% YoY

9:00 am GMT - Poland, GDP report for Q3 2020. Expected: +8% QoQ. Previous: -9% QoQ

10:00 am GMT - Euro area, GDP report for Q3 2020 (revision). First release: +12.7% QoQ.

1:30 pm GMT - US, PPI inflation for October. Expected: 0.4% YoY. Previous: 0.4% YoY

3:00 pm GMT - US, University of Michigan index for November. Expected: 82. Previous: 81.8

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