Economic calendar: US CPI report in focus

Stock indices in the Asia-Pacific region traded slightly higher during Tuesday's session. This is primarily a result of yesterday's better closing session on Wall Street. European futures point to a higher opening for today's European cash session. Relative to other currencies, the US dollar and the euro are currently performing poorly. Slightly better sentiment is seen in Antipodean currencies and the Japanese yen, among others. Oil is also gaining

On Tuesday's macro calendar we can find, among others: data from the British labor market, ZEW institute data from Germany, CPI inflation report from the US, and API survey data on oil inventories.

Key macro readings of the day:

07:00 am GMT - UK, jobless claims. Actual: 16k. Earlier: 8,9k. Expected: 20,3k.

10:00 am GMT - Germany, ZEW institute index. Expected: 8.7; Earlier: 9,8

01:30 pm GMT - US, US CPI data for November.

• CPI inflation (YoY). Expected: 3.1% y/y. Earlier: 3.2% y/y. 
• Core inflation (YoY). Expected: 4% y/y. Earlier: 4% y/y.
• CPI inflation (MoM). Expected: 0% m/m. Earlier: 0% m/m.
• Core CPI inflation (MoM). Expected: 0.3% m/m. Earlier: 0.2% m/m.

09:40 pm GMT - US, change in oil inventories according to API. Expected: 1 bbl. Earlier: 0.59 bbl.