Key economic updates scheduled for Friday include the flash Purchasing Managers' surveys from the eurozone and the GDP report from Germany.
At 2:00 am ET, Germany's revised GDP figures will be released by Destatis. The preliminary data indicated that the eurozone's largest economy experienced a 0.2% growth in the third quarter. Concurrently, the UK's Office for National Statistics will release retail sales statistics, with expectations of a 0.3% month-on-month decrease in October, contrasting with the 0.3% increase recorded in September.
At 3:15 am ET, S&P Global will unveil France's composite PMI (Purchasing Managers' Index) survey results. Projections suggest a drop in the services index to 49.0 in November, while the factory PMI is expected to see a slight uptick to 44.6.
At 3:30 am ET, the flash composite PMI data for Germany will be available. Economists anticipate an increase in the services index to 51.8, with the manufacturing PMI projected to nudge up to 43.1 in November.
By 4:00 am ET, S&P Global will release the Eurozone's flash PMI data for November. It is predicted that the services PMI will hold steady at 51.6, and the manufacturing index will remain at 46.0.
Finally, the UK’s S&P Global flash PMI results are set for release at 4:30 am ET. The services index is anticipated to rise to 52.3 in November, up from 52.0 in October, with the manufacturing PMI expected to increase to 50.1 from 49.9 in the previous month.
