UK consumer price inflation eased in October, ahead of the Autumn budget announcement, official data revealed Wednesday. The moderation has eased pressure on households and raised hopes of interest rate cut in December. The consumer price index logged an annual growth of 3.6 percent in October, slower than the 3.8 percent rise in September.

Australia's leading index signaled that the growth will move at a slightly above-trend pace in early 2026, Westpac said on Wednesday. The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose to 0.35 percent in October from 0.10 percent in September.

Consumer prices from the UK and the euro area are the top economic news due on Wednesday. At 2.00 am ET, the Office for National Statistics releases UK consumer prices for October. Economists forecast inflation to ease to 3.5 percent from 3.8 percent in September.

Homebuilder confidence in the U.S. has unexpectedly seen a modest improvement in the month of November, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index crept up to 38 in November after jumping to 37 in October.

The Commerce Department released a report on Tuesday showing a significant rebound by new orders for U.S. manufactured goods in the month of August. The report said factory orders jumped by 1.4 percent in August after tumbling by 1.3 percent in July. The rebound was in line with economist estimates.

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as Asian shares traded lower amid ongoing concerns about the market valuation, especially among technology shares, and the diminishing prospects of an interest rate cut by the U.S. Fed next month.

Construction spending in the U.S. unexpectedly saw a modest increase in the month of August, according to a report released by the Commerce Department on Monday.

The Federal Reserve Bank of New York released a report on Monday showing its reading on regional manufacturing activity unexpectedly increased in the month of November.

The European Commission said the euro area economy is set to grow more than projected in spring this year driven by a surge in exports ahead of anticipated tariff increases and higher investment in equipment and intangible assets. In the Autumn Forecast released on Monday, the EU raised its economic growth outlook for the current year to 1.3 percent from 0.9 percent.

The U.S. Dollar declined during the week ended November 17 as the longest ever shutdown of the U.S. government came to a close.

Thailand's economic growth eased more than expected in the third quarter due to the fall in manufacturing output and softened tourism-related services, official data showed Monday. Gross domestic product grew 1.2 percent year-on-year in the third quarter, the National Economic and Social Development Council, or NESDC, said Monday. The annual growth was forecast to soften to 1.6 percent from 2.8

China industrial production and retail sales grew at weaker rates in October and investment downturn deepened as economic activity weakened towards the end of the year. Industrial production logged an annual growth of 4.9 percent in October, the National Bureau of Statistics said Friday. This followed September's 6.5 percent expansion.

Flash GDP estimate and foreign trade from the euro area and final inflation figures from France are due on Friday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office INSEE publishes final inflation data for October. According to flash estimate, consumer price inflation eased to 1.0 percent from 1.2 percent in September.

The UK economy logged only a marginal growth in third quarter as the cyber attack on Jaguar Land Rover hit production, official data revealed on Thursday. Gross domestic product grew 0.1 percent sequentially, following the prior quarter's 0.3 percent expansion, the Office for National Statistics reported Thursday. Output was expected to advance 0.2 percent.

Eurozone industrial production recovered at a moderate pace in September largely driven by the rebound in energy output, official data showed on Thursday. Industrial production grew at a slower-than-expected pace of 0.2 percent in September from August, Eurostat revealed. Output was forecast to grow 0.7 percent, reversing a 1.1 percent fall in August.

Quarterly national accounts from the UK and industrial production from the euro area are the major reports due on Thursday. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade data. The economy is forecast to grow 0.2 percent sequentially, slower than the 0.3 percent expansion in the second quarter.

The Japanese yen weakened against other major currencies in the Asian session on Wednesday, as Japan's Prime Minister Sanae Takaichi signals a looser fiscal target and calls for caution in the Bank of Japan (BoJ) rate hike.

Final inflation from Germany and industrial production from Italy are due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, Destatis is scheduled to release Germany's final inflation data for October. The flash estimate showed that consumer price inflation is forecast to ease to 2.3 percent from 2.4 percent in September.

The UK unemployment rate increased to the highest since early 2021 in the third quarter, raising chances of an interest rate cut, official data revealed on Tuesday. The ILO jobless rate rose to 5.0 percent in the third quarter from 4.8 percent in the three months to August, the Office for National Statistics said. The rate was above economists' forecast of 4.9 percent.

German economic confidence weakened moderately in November as investors became concerned about the ability of economic policies to address its key issues, a monthly survey conducted by the think tank ZEW showed Tuesday. The economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0.

Unemployment from the UK and economic sentiment from Germany are the major economic reports due on Tuesday. At 2.00 am ET, the Office for National Statistics publishes UK labor market statistics. The jobless rate is forecast to rise to 4.9 percent in the three months to September from 4.8 percent in the preceding period.

The U.S. Dollar slipped during the week ended November 7 amidst uncertainty surrounding the Fed's monetary policy outlook.

Eurozone investor confidence weakened in November as the economy struggles to emerge from the slump, survey results from the behavioral research institute Sentix showed on Monday. The investor confidence index fell unexpectedly to -7.4 in November from -5.4 in October. The score was forecast to improve to -3.9.