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EUROPEAN ECONOMIC NEWS PREVIEW: UK GDP DATA DUE

GDP, industrial production and foreign trade from the UK are due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics publishes UK GDP, industrial output and foreign trade figures. The economy is forecast to grow 0.2 percent on month in August, in contrast to the 0.5 percent decrease in July.

At 4.30 am ET, the Bank of England publishes Credit Conditions survey results.

At 6.00 am ET, consumer price figures are due from Ireland and Portugal.

At 7.30 am ET, the European Central Bank releases the account of the monetary policy meeting of the Governing Council held on September 13 and 14.

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CHINA EXPORTS FALL LESS THAN EXPECTED

China's exports declined less than expected in September, data from the General Administration of Customs showed on Friday.

Exports registered a decrease of 6.2 percent in September compared to the previous year. This was slower than the expected decline of 7.6 percent and the 8.8 percent fall seen in August.

At the same time, imports also decreased 6.2 percent annually, slower than the 7.3 percent fall in August. Imports were forecast to drop 6.0 percent.

Consequently, the trade surplus rose to $77.7 billion from $68.4 billion in August. The expected level was $70.0 billion.

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EUROPEAN ECONOMIC NEWS PREVIEW: UK UNEMPLOYMENT DATA DUE

Unemployment from the UK and economic sentiment from Germany are the top economic news due on Tuesday.

At 2.00 am ET, the Office for National Statistics is scheduled to issue UK labor market statistics. The jobless rate is seen unchanged at 4.3 percent in three months to August. At the same time, average earnings growth including bonus are forecast to grow at a slower pace of 8.3 percent after an increase of 8.5 percent in three months to July.

At 5.00 am ET, Germany's ZEW economic confidence survey data is due. The confidence index is forecast to improve to -9.3 in October from -11.4 in September. At 7.50 am ET, European Central Bank's supervisory board member Kerstin af Jochnick is set to speak at a conference in Berlin.

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AUSTRALIA UNEMPLOYMENT RATE SLIPS TO 3.6% IN SEPTEMBER

The jobless rate in Australia came in at a seasonally adjusted 3.6 percent in September, the Australian Bureau of Statistics said on Thursday.

That beat forecasts for 3.7 percent, which would have been unchanged from the August reading.

The Australian economy added 6,700 jobs last month, shy of expectations for an increase of 18,000 following the addition of 64,900 jobs in the previous month.

The participation rate was 66.7 percent, below forecasts for 67.0 percent, which would have been unchanged.

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EUROPEAN ECONOMIC NEWS PREVIEW: UK RETAIL SALES, PUBLIC SECTOR FINANCE DATA DUE

Retail sales and public sector finances from the UK are the top economic news due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector finance figures. Retail sales are forecast to fall 0.2 percent on month in September, reversing a 0.4 percent rise in August. The UK budget balance is forecast to post a surplus of GBP 17.6 billion in August.

Also, the European Automobile Manufacturers' Association or ACEA publishes Europe's new car registrations for September. Sales had increased 21.0 percent annually in August.

In the meantime, Destatis is scheduled to issue Germany's producer prices for September. Economists forecast prices to fall 14.2 percent annually after easing 12.6 percent in August.

At 4.00 am ET, retail sales data is due from Poland. Sales are expected to decline 2.0 percent annually in September, slower than the 2.7 percent fall in August.

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TURKEY CONSUMER CONFIDENCE IMPROVES TO 74.6

Turkey's consumer confidence improved for the second straight month in October, a survey conducted in cooperation with the Turkish Statistical Institute and the Central Bank of the Republic of Turkey showed on Monday.

The consumer confidence index rose to a 3-month high of 74.6 in August from 71.5 in the previous month. However, a reading below 100 signals a pessimistic outlook.

All four sub-indices of consumer confidence improved in October from the previous month. The index measuring the current financial situation of households climbed to 59.7 from 56.2.

Similarly, their own financial situation in the next twelve months rose from 68.9 to 72.6.

Expectations regarding the general economic situation over the year strengthened in October, with the index rising to 72.9 from 68.0.

The indicator measuring spending money on durable goods over the coming twelve months increased to 93.2 from 92.7.

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