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Beijing is walking a fine line between support for Russia and not angering the west too much 
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Not many economic dockets scheduled for today and few with high risks associated.
Data released so far
- China - Retail sales grew by 11% in October compared to a year ago, urban investment has stabilized at 10.2% y/y in October, while industrial production grew by 5.6% in October.
- Japan - Flash reading showed Machinery tools orders set to decline further by -23.1% y/y in October.
Upcoming
- Germany - Wholesale price index for October scheduled at 7:00 GMT.
- Portugal - Consumer price index to be released today.
- UK - ILO unemployment report will be released at 9:30 GMT. Bank of England Governor Mark Carney is scheduled to speak at 10:30 GMT.
- Euro Zone - ECB president Draghi scheduled to speak at 13:15 GMT.
- US - MBA mortgage applications to be released at 12:00 GMT.
- New Zealand - New Zealand business PMI scheduled for release at 21:30 GMT, followed by food price index at 21:45 GMT.
- Japan - Domestic corporates goods price index to be released at 23:50 GMT, along with machinery orders at 23:50 GMT.
