At 6 a.m. ET we’ll get figures on the eurozone’s unemployment (for September) and inflation (for October).
Analysts weren’t expecting a change in the unemployment figure, which is 11.5%. It’s slowly declined from 12% earlier this year. However, Italian unemployment figures just out showed an unexpected spike from 12.3% to 12.5%, which will add some upward pressure to the figure.
Analysts are expecting a inflation to come in at 0.4%. That’s very slightly up from the 0.3% recorded for September, but there’s very little pressure moving prices upwards in Europe.
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