- Eurozone employment and retail sales out
- German factory orders to be released
- US jobs report and Fed meeting minutes in focus
FTSE 100: -0.15%
CAC 40: 0.00%
FTSE MIB: 0.55%
IBEX 35: 0.85%
Stoxx 600: 0.05%
European stocks were little changed investors awaited the release of data in the Eurozone and the US along with the Federal Reserve's meeting minutes.
The Eurozone unemployment rate is expected to remained unchanged at 12.1% in November when the latest figures are unveiled this morning.
Also in the region, a report on retail sales is expected to show 0.1% growth in November, compared to a fall of 0.1% the previous month.
The European Central Bank (ECB) is under mounting pressure to take greater measures to boost the bloc amid a stagnant recovery. The central bank announces its latest policy tomorrow, but economists see the monetary authority staying put.
Europe's biggest economy, Germany, will today unveil data for November factory orders which are forecast to have risen by 1.5%, up from October's 2.1% decline.
Later in the US, the focus will turn to the ADP Research Institute's jobs report which is tipped to show employers added 200,000 workers in December, down from 215,000 the prior month.
The Mortgage Bankers Association will also put out figures for mortgage applications.
The Federal Reserve is turning to economic data to gauge the recovery of the US ahead of its policy meeting this month when it could announce a further tapering of monetary stimulus.
The central bank last month announced it would begin reducing monthly bond purchases to $75bn from $85bn.
Minutes from the December 17th-18th meeting will be released after the close of European market today, and is likely to shed further light behind the Fed's decision to scale back quantitative easing.
Meanwhile, the International Monetary Fund plans to increase its forecast for world growth, Managing Director Christine Lagarde told reporters in the Kenyan capital of Nairobi yesterday.
She said the organisation, which currently estimates the global economy will expand by 3.6% this year, will announce its new forecast in about three weeks.
SAP gained after UBS AG recommended that investors buy shares
in the German software corporation.
Kion Group AG declined after Goldman Sachs and private equity firm KKR put a 10.8% stake in the forklift maker on sale.
RSA Insurance rallied after saying it believes the scandal surrounding a £200m capital black hole at the group's Irish operations was an isolated incident
The euro fell 0.10% to $1.3602.
Brent crude futures rose $0.251 to $107.620 per barrel on the ICE.