We got PMIs out of Europe during the, errrr, Europe timezone:

So, just ICYMI (or them) ...

  • Composite purchasing managers index gained to 54.4 in November (53.9 in October)
  • Highest since May 2011
  • Survey of 5000 firms
  • New orders at their highest since mid-2011, as is 'new hiring'

The data is suggestive of the eurozone economy gaining fresh momentum after its Q3 slowdown

  • Care will need to be taken, though, with the heightened security concerns after the cowardly murders in Paris. This could impact on consumer and business confidence, as well as impacting on free movement of people and trade in the region.
  • Inflation measures stayed on the soft side

if you want even more ... DJ/Market Watch link

And ... Improvement in the manufacturing and services sectors could see Draghi holding back on extra QE