Australia's inflation accelerated in October largely driven by higher electricity costs, data published by the Australian Bureau of Statistics revealed on Wednesday. The monthly CPI rose 3.8 percent year-on-year in October after a 3.6 percent increase in September. Prices were expected to rise again by 3.6 percent. On a monthly basis, consumer prices remained flat in October.

The Reserve Bank of New Zealand reduced its benchmark rate by a quarter-point on Wednesday, to spur economic recovery. The Monetary Policy Committee, chaired by Christian Hawkesby, voted 5-1 to cut the overnight cash rate by 25 basis points to 2.25 percent. The bank has lowered the rate by 325 basis points since August 2024. With the latest reduction, the OCR hit the lowest since mid-2022.

Business inventories in the U.S. unexpectedly came in flat in the month of August, according to a report released by the Commerce Department on Tuesday. The Commerce Department said business inventories were virtually unchanged in August following a downwardly revised 0.1 percent uptick in July.

A report released by the Conference Board on Tuesday showed a substantial deterioration by U.S. consumer confidence in the month of November. The Conference Board said is consumer confidence index tumbled to 88.7 in November from an upwardly revised 95.5 in October. Economists had expected the consumer confidence index to dip to 93.3 from the 94.6 originally reported for the previous month.

The National Association of Realtors released a report on Tuesday showing an unexpected jump by pending home sales in the U.S. in the month of October. October said its pending home sales index shot up by 1.9 percent to 76.3 in October after inching up by 0.1 percent to an upwardly revised 74.9 in September. Economists had expected pending home sales to decrease by 0.4 percent.

A long-delayed report released by the Labor Department on Tuesday showed producer prices in the U.S. increased in line with economist estimates in the month of September. The Labor Department said its producer price index for final demand rose by 0.3 percent in September after edging down by 0.1 percent in August. The monthly price growth matched expectations.

Retail sales in the U.S. increased by less than expected in the month of September, according to a long-delayed reported released by the Commerce Department on Tuesday. The Commerce Department said retail sales rose by 0.2 percent in September after climbing by 0.6 percent in August. Economists had expected retail sales to rise by 0.4 percent.

The New Zealand dollar weakened against other major currencies in the European session on Tuesday, as traders speculate the Reserve Bank of New Zealand or RBNZ is likely to slash its official cash rate in its upcoming monetary policy meeting due this week.

The Swiss franc weakened against other major currencies in the European session on Tuesday, as investors await key U.S. economic data for direction.

French consumer confidence weakened in November after improving in October, survey data from the statistical office INSEE showed Tuesday. The consumer sentiment index dropped marginally to 89 in November from 90 in October. Moreover, the score continued to remain below its long-term average of 100.

The German economy stagnated in the third quarter as growth in investment was offset by the weakness in exports, revised data from Destatis showed on Tuesday. The statistical office Destatis confirmed that gross domestic product remained unchanged on a quarterly basis, following a decline of 0.2 percent in the second quarter.

Revised quarterly national accounts from Germany and consumer confidence from France are the top economic news due on Tuesday. At 2.00 am ET, Destatis is slated to release Germany's revised GDP data for the third quarter. The flash estimate showed that the largest euro area economy showed nil growth after a revised fall of 0.2 percent in the second quarter.

Europe's new car registrations increased for the fourth straight month in October, the European Automobile Manufacturers' Association, or ACEA, said Monday. Car sales advanced 5.8 percent in October from a year ago but it was weaker than the 10.0 percent growth seen in September.

Macro-economic uncertainties in the U.S. as well as mixed expectations surrounding another rate cut by the Federal Reserve in December boosted the U.S. Dollar close to a percent during the week ended November 21.

German business confidence weakened in November as companies turned more pessimistic about outlook despite unprecedented fiscal policy U-turn, results of a closely watched survey by the ifo institute showed on Monday. The business climate index fell to 88.1 in November from 88.4 in October. The reading was expected to rise to 88.6.

Business sentiment survey from Germany is the top economic news due on Monday, headlining a light day for the European economic news. At 1.00 am ET, Statistics Finland publishes producer prices for October. Producer prices had declined 0.3 percent on a yearly basis in September.

With an uptick in inventories of durable goods offset by a dip in inventories of non-durable goods, the Commerce Department released a report showing U.S. wholesale inventories came in roughly flat in the month of August. The report said wholesale inventories were virtually unchanged in August after inching up by 0.1 percent in July.

Partly reflecting the end of the U.S. government shutdown, the University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly less than previously estimated in the month of November. The University of Michigan said its consumer sentiment index for November was upwardly revised to 51.0 from the preliminary reading of 50.3.

The UK private sector activity reported a softer expansion in November, largely due to a loss of momentum in the service sector, flash survey results from S&P Global revealed on Friday. The composite output index fell more-than-expected to 50.5 in November from 52.2 in October. The expected level was 51.8.

Eurozone private sector logged a robust growth in the penultimate month of the year as services activity grew the most in a year-and-a-half, survey results published by S&P Global showed on Friday. The flash HCOB composite output index dropped marginally to 52.4 in November from 52.5 in October. The score was forecast to remain stable at 52.5.

UK retail sales declined for the first time in five months in October as consumers delayed their spending in the lead up to Black Friday, the Office for National Statistics said on Friday. British consumer confidence deteriorated in November ahead of the upcoming autumn budget, a private survey revealed.

Singapore's economic growth for the current year was upgraded on Friday after the city-state economy posted a stronger-than-expected expansion in the third quarter. The Ministry of Trade and Industry forecast the economy to grow around 4 percent in 2025, which was revised up from 1.5 percent to 2.5 percent projected earlier.

Flash purchasing managers' survey results from the euro area and the UK are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics publishes UK retail sales and public sector finance data. Retail sales are forecast to fall 0.1 percent month-on-month in October, in contrast to the 0.5 percent rise in September.

The South African Reserve Bank lowered the key interest rate on Thursday, citing space for less restrictive policy as policymakers assessed that the inflation outlook has improved.

Consumer confidence in the euro area was unchanged in November after improving steadily in the previous two months, preliminary survey data from the European Commission showed Thursday.