The Czech economy unexpectedly shrank in the third quarter, underpinning central bank concerns about deflation that prompted policy makers to start the first currency interventions in 11 years last week.
Spanish Prime Minister Mariano Rajoy meets with Latin American leaders today in Panama, where Madrid- based companies are helping expand the canal and build the nation’s first subway as construction slumps at home.
Germany’s top constitutional court rejected efforts to block a permanent euro-area rescue fund, handing a victory to Chancellor Angela Merkel, who championed the 500 billion-euro ($645 billion) bailout facility.
The yen rose for the first time in five days against the dollar as an opposition lawmaker said his party will oppose Bank of Japan Deputy Governor Nominee Kikuo Iwata, who investors see as endorsing monetary policy easing.
European Union members are set to approve rules today for giving away carbon dioxide emission permits after 2012 to oil refiners, metal manufacturers and other industries in the world’s biggest cap-and-trade program, an official who attended an EU meeting in Brussels said.