On the data front, we are looking for German ZEW expectations to have risen to 8.2 from 1.9. October's CPI in the UK and the US may also attract some attention today. We are looking for a slight drop in UK CPI inflation and a slight rise in US CPI inflation.
On the monetary policy front, the market will listen to what ECB's Lautenschlager and Fed's Tarullo have to say about what may be in store at the upcoming ECB and Fed meetings in December.
The oil market in particular, will keep an eye on potential geopolitical ramifications of the terrorist attack in Paris on Friday. The conflict is centred around Syria, which limits the impact on the oil price, as Syria is not a big oil producer.
In Scandi markets, the Norwegian Q3 GDP figure is due for release today - we are looking for 0.1% q/q mainland GDP growth in Q3 down from 0.2% q/q in Q2 and slightly lower than what Norges Bank has previously forecasted.
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