Economic calendar (GMT0):

(Time/ Region/ Event/ Period/ Previous/ Forecast/ Actual)

00:00 Japan Bank holiday

08:00 France Services PMI (Preliminary) November 52.7 52.6 51.3

08:00 France Manufacturing PMI (Preliminary) November 50.6 50.8 50.8

08:30 Germany Manufacturing PMI (Preliminary) November 52.1 52 52.6

08:30 Germany Services PMI (Preliminary) November 54.5 54.3 55.6

09:00 Eurozone Manufacturing PMI (Preliminary) November 52.3 52.3 52.8

09:00 Eurozone Services PMI (Preliminary) November 54.1 54.1 54.6

The U.S. dollar traded mixed against the most major currencies ahead of the release of the economic data from the U.S. The U.S. preliminary manufacturing PMI is expected to decline to 53.9 in November from 54.1 in October.

The existing home sales in the U.S. are expected to decrease to 5.40 million units in October from 5.55 million units in September.

Market participants are awaiting an unscheduled Fed meeting later in the day. According to the Fed's website, the Fed will review the advance and discount rates to be charged by the Federal Reserve Banks. The meeting is scheduled to begin at 16:30 GMT.

The euro traded mixed against the U.S. dollar on the better-than-expected economic data from the Eurozone. Markit Economics released its preliminary manufacturing purchasing managers' index (PMI) for the Eurozone on Monday. Eurozone's preliminary manufacturing PMI rose to 52.8 in November from 52.3 in October. Analysts had expected the index to remain unchanged at 52.3.

Eurozone's preliminary services PMI climbed to 54.6 in November from 54.1 in October. Analysts had expected the index to remain unchanged at 54.1.

Business activity and employment were main contributors for the rise.

Markit's Chief Economist Chris Williamson said that Eurozone's economic growth accelerated, "putting the region on course for one of its best quarterly performances over the past four-and-a-half year".

He noted that data was signalling the Eurozone's economy could expand 0.4% in the fourth quarter.

"November's slightly improved PMI reading will no doubt do little to dissuade policymakers that more needs to be done at their December meeting to ensure stronger and more sustainable growth," Williamson added.

Germany's preliminary manufacturing PMI climbed to 52.6 in November from 52.1 in October, beating forecasts of a decrease to 52.0.

Germany's preliminary services PMI was up to 55.6 in November from 54.5 in October. Analysts had expected index to decline to 54.3.

France's preliminary manufacturing PMI rose to 50.8 in November from 50.6 in October, in line with forecasts.

France's preliminary services PMI decreased to 51.3 in November from 52.7 in October. Analysts had expected the index to fall to 52.6.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports from U.K.

EUR/USD: the currency pair traded mixed

GBP/USD: the currency pair fell to $1.5124

USD/JPY: the currency pair traded mixed

The most important news that are expected (GMT0):

14:45 U.S. Manufacturing PMI (Preliminary) November 54.1 53.9

15:00 U.S. Existing Home Sales October 5.55 5.4

16:30 U.S. Fed Announcement