Fed Reserve and ECB speakers are the main focus today and tomorrow, with data announcements are thin on the ground.

A swathe of Fed Reserve members are speaking at various engagements in what could be seen as the US central central bank preparing the markets for an interest rate hike in December. Already, several members have indicated that, short of receiving disastrous data between now and the next interest rate meeting, rates are likely to go up. Markets are already factoring in an interest rate hike (over a 75% chance), so anything other than a hike will come as a shock to markets. Fed Reserve (FOMC) Members James Bullard, William Dudley, Esther George and Jerome Powell are all due to speak later today and tomorrow.

Out of Europe, ECB President Mario Draghi is set to deliver a speech later tonight. As they head of the  European Central Bank, his speeches are always watched with great interest as markets try to get any sort of indication into future monetary policy decisions. Deutsche Bundesbank (German central bank) President Jens Weidmann is also set to speak later tonight.

Elsewhere, Europe is releasing German Producer Price Index (PPI) and European Current Account figures. Canada is releasing Core CPI and CPI data while the US is releasing CB (Conference Board) Leading Index data. UK MPC (Monetary Policy Committee) Member Ben Broadbent is also speaking.