Societe Generale in its early Thursday economic news summary pointed out:

-- The US dollar consolidates after month-end selling, short covering deflated 10-year US Treasury yield to a post-election low of 4.2246%. The strongest monthly gain in PCE inflation since March was ignored. Solid seven-year UST auction wraps up weekly supply.

-- Day ahead: US closed for Thanksgiving. Germany's consumer price index. European Central Bank speakers Villeroy, Lane, Knot. Italy benchmark auction.

-- Spain's core HICP slows to 2.4% year over year in November from 2.5% in October, below forecast. Headline accelerates to 2.4%, in line.

-- Brazil unveils plan to cut public spending by BRL70 billion ($11.8 billion) through 2026. BRL to rebound from a four-year low of 5.9340/USD.

-- Bank of South Korea cuts key rate by 25bps to 3.00%, cites accelerating downside risks to growth and policy uncertainty from incoming US administration, prepared to work with the ministry of finance to reduce foreign volatility if needed. USD/KRW +0.3% at 1,396.

-- Nikkei +0.6%, EUR 10-year IRS-1.5bps at 2.21%, Brent crude -0.2% at $72.7/barrel, Gold -0.3% at $2,638/oz.