European corporate CDS move wider after a weak session overnight, ICAP says. "German and French 3Q GDP numbers were better, which is a good bit of news to start the day on, but it seems that late weakness in US stock markets yesterday have nevertheless helped credit markets open wider," ICAP notes. According to Markit, the Europe index is 1.5bps wider at 133bps, while the Crossover index is 5bps wider at 542bps. UK retail sales are released at 0930 GMT. In the US, CPI, Empire State manufacturing and initial jobless claims are all due at 1330 GMT.
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