Flash inflation and unemployment from the euro area and house prices from the UK are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, UK Nationwide house price data is due. Economists forecast house prices to climb 1.4 percent year-on-year in November after rising 2.4 percent in October.

The Institute for Supply Management released a report on Monday unexpectedly showing a modest decrease by its reading on U.S. manufacturing activity in the month of November. The ISM said its manufacturing PMI slipped to 48.2 in November from 48.7 in October, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.0.

UK mortgage approvals decreased in October as demand for mortgages to buy houses weakened ahead of the budget announcement, data from the Bank of England showed Monday. Net mortgage approvals for house purchases, an indicator of future borrowing, fell by 600 to 65,000 in October. However, this was well above economists' forecast of 64,000.

A renewal in rate cut expectations from the Federal Reserve caused the U.S. Dollar to weaken against major currencies during the past week.

Eurozone manufacturing activity weakened in November as new orders decreased signalling fresh headwinds to demand, final survey data from S&P Global showed on Monday. The HCOB manufacturing Purchasing Managers' Index fell to 49.6 from 50.0 in October. The flash reading was 49.7. The score signaled a renewed deterioration in manufacturing conditions across the single currency union.

Mortgage approvals and final manufacturing Purchasing Managers' survey results from the UK are the top economic news due on Monday. At 2.30 am ET, retail sales data from Switzerland is due. Economists forecast sales to grow 1.2 percent year-on-year in October, slower than the 1.5 percent rise in September.

China's manufacturing activity shrank slightly in November as production growth came to a halt amid stagnating new orders, survey results from S&P Global showed on Monday. The RatingDog manufacturing Purchasing Managers' Index fell to 49.9 in November from 50.6 in October. A score below 50.0 indicates contraction in the sector.

Germany's consumer price inflation was stable in November and the core figure eased, but the EU measure of price growth accelerated more than expected to its highest level in nine months, preliminary data from the statistical office Destatis showed on Friday.

The Indian economy grew at the fastest pace in six quarters during the three months to September, defying expectations for a modest slowdown, amid strong outcomes in manufacturing, construction and services as well as due to further strengthening of private consumption.

Switzerland's economy contracted in the third quarter as the front-loading effects linked to the US trade policy faded, the State Secretariat for Economic Affairs reported Friday. Gross domestic product shrank 0.5 percent sequentially, reversing a 0.2 percent rise in the second quarter. The SECO confirmed the estimate published on November 17.

Germany's unemployment rate remained unchanged in November and the number of unemployed increased less than expected, official data showed Friday. The Federal Employment Agency said the jobless rate stood at 6.3 percent in November, the same rate as in October and also matched expectations.

France's inflation remained stable in November and remained within the comfort zone of the European Central Bank and the economy logged a stronger growth as estimated in the third quarter, official data revealed Friday. The consumer price index posted a steady increase of 0.9 percent in November, preliminary data from the statistical office INSEE showed. This was slightly slower than the expected

Japan's industrial production grew unexpectedly in October and Tokyo core inflation remained stable at the above target level, official data showed on Friday. Industrial production grew 1.4 percent month-on-month in October, confounding expectations for a drop of 0.5 percent. However, the increase was weaker than a 2.6 percent rise seen in September, the Ministry of Economy, Trade and Industry sa

Eurozone economic sentiment rose in November as higher confidence in services, retail trade and construction was partially offset by the weakness in industry, monthly survey data from the European Commission showed on Thursday. The economic sentiment index climbed to 97.0 in November, as expected, from 96.8 in October. This was the third consecutive increase.

German consumer confidence is set to improve in December as households showed willingness to buy and save but their economic and income expectations deteriorated, monthly survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Thursday. The forward-looking consumer sentiment index improved to -23.2 from -24.1 in the previous month. The indicator was foreca

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Thursday amid risk appetite, as traders continue to express optimism about the outlook for interest rates following the recent dovish comments from some US Fed officials.

Consumer sentiment from Germany and monetary aggregates from the euro area are the top economic news due on Thursday. At 2.00 am ET, the market research group GfK releases Germany's consumer sentiment survey data. The forward-looking index is expected to rise to -23.6 in December from -24.1 in November.

The Bank of Korea left its key interest rate unchanged as policymakers remained cautious about risks associated with household debt and the impact of heightened currency volatility. The Monetary Policy Board decided to maintain the Base Rate at 2.50 percent, as widely expected, on Thursday.

Home loan applications approved and purchase activity in the U.S. increased in the week ended November 21 even as mortgage rates continued to climb, survey data from the Mortgage Bankers Association revealed on Wednesday.

MNI Indicators released a report on Wednesday unexpectedly showing a steep drop by its reading on Chicago-area business activity in the month of November. The report said the Chicago business barometer plunged to 36.3 in November after climbing to 43.8 in October, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 44.3.

New orders for U.S. manufactured durable goods increased by more than expected in the month of September, according to a report released by the Commerce Department on Wednesday. The Commerce Department said durable goods orders climbed by 0.5 percent in September after spiking by an upwardly revised 3.0 percent in August. Economists had expected durable goods orders to rise by 0.3 percent.

A report released by the Labor Department on Wednesday showed an unexpected dip by first-time claims for U.S. unemployment benefits in the week ended November 22nd. The Labor Department said initial jobless claims slipped to 216,000, a decrease of 6,000 from the previous week's revised level of 222,000. Economists had expected jobless claims to inch up to 225,000.

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday, as Asian stock markets traded higher amid renewed optimism about an interest rate cut by the U.S. Fed in December following the release of softer-than-expected US economic data and the recent dovish comments from US Fed officials.

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.