EUR
According to the latest consumer prices data out yesterday Inflation in
Greece fell to -1.7% in October, A decline on last months figure of -0.8%.
As the Greek economy struggles with high unemployment and the impact of
austerity measures imposed by the EU this is a further sign that their ailing
economy is still on shaky ground. 

There were also added fears over Italy’s weak economy especially with data

EUR
According to the latest consumer prices data out yesterday Inflation in
Greece fell to -1.7% in October, A decline on last months figure of -0.8%.
As the Greek economy struggles with high unemployment and the impact of
austerity measures imposed by the EU this is a further sign that their ailing
economy is still on shaky ground. 

There were also added fears over Italy’s weak economy especially with data
yesterday showing manufacturing output has fallen again. In
Italy industrial production fell 0.9% in September with Economists
only anticipating a 0.2% decline.

That means that industrial production has shrunk by 1.1% over the last quarter,
accelerating from a 0.5% decline in April-June. Overall this equates to Italian
production being 2.9% lower than in September 2013. 

On a slightly brighter note, but still not great news was that  euro
zone investor confidence has stopped falling, but remains close to an 18-month
low. The monthly measure of investor morale came in at  -11.9 this
month, up from minus -13.7 in October.

CNY
Inflation in China has dipped to a four year low as their economy slows. The
CPI October headline inflation figure was 1.6% higher than the same time last
year. Annual CPI is at its lowest level since December 2009 as lower commodity
prices and  subdued domestic demand have lowered  chinas inflation
rate.

Key Announcements:

No announcements today 
USD: Veterans Day ( Bank Holiday)

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