Economic calendar: CPI Inflation in Germany in line with expectations

• European indices open higher
• Cryptocurrencies erase most of the declines
• The dollar is weakening against other currencies

Data from Germany and the UK:

Germany CPI inflation for October: 10,4% y/y Expected: 10,4% y/y 
GDP (UK): 2.4% Expected: 2.1% Previously: 4,4%

Industrial production growth rate y/y (UK): -3.4% Expectations: -4.4% Previously: -5,2%
GDP forecast y/y (UK): 1.3% Expectations: 0.9% Previously: 2,0%

In the next part of the day:

• 17:00 GMT (USA) - Sentiment Index by the University of Michigan Expected: 59.51 Previously: 59,9
• 17:00 GMT (USA) - Inflation expectations 1 year: Expected: +5.1% Previously: 5,0% 5 year Expected: 2,9% Previusly: 2,9%

Central bankers' speeches

11:00 (GMT) - BoE Haskel
12:00 (GMT) - ECB De Guindos, Panetta
11:45 (GMT) - SNB Jordan
13:10 (GMT)- BoE Teneyro
17:30 (GMT) - ECB Nagel