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There will be no major data releases from Eurozone tomorrow, so we can expect a less volatile European part of the session. In the US session Building Permits and Housing Starts figures are scheduled for a release as well as FOMC Meeting Minutes. Both Housing Starts and Building Permits data should show figure slightly above 1 million. However, focus of the session will be on FOMC Meeting Minutes as markets are anticipating further hints on rate hike.

From Eurozone, yesterday, German and Eurozone Economic Sentiment data was released. The ZEW Indicator of Economic Sentiment for Germany gained 15.1 points in November 2014 and is now standing at 11.5 points, above predicted incline to 0.9 points. The index has returned to positive territory after the previous month’s slip into negative territory. The assessment of the current economic situation in Germany is largely unchanged. Increasing by 0.1 points, the index now stands at 3.3 points. ZEW Indicator of Economic Sentiment for the Eurozone has increased by 6.9 points in November to a reading of 11.0 points. Analysts were forecasting smaller increase to 4.3 points. The indicator for the current economic situation in the euro area has decreased by 2.9 points to a value of minus 59.7 points. US session was marked by PPI figures.The Producer Price Index for final demand rose 0.2% in October, seasonally adjusted, beating expectations on 0.1% fall. This increase followed a 0.1% decline in September and no change in August. On an unadjusted basis, the index for final demand advanced 1.5% for the 12 months ended in October, the smallest 12-month increase since a 1.2% rise in February 2014. Core PPI increased by 0.4%. Analysts were anticipating 0.2% incline. There will be no major data releases from Eurozone tomorrow, so we can expect a less volatile European part of the session. In the US session Building Permits and Housing Starts figures are scheduled for a release as well as FOMC Meeting Minutes. Both Housing Starts and Building Permits data should show figure slightly above 1 million. However, focus of the session will be on FOMC Meeting Minutes as markets are anticipating further hints on rate hike. Figures to watch: Building Permits/Housing Starts (Wednesday 14:30) FOMC Meeting Minutes (Wednesday 20:00)

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