German inflation the highlight of the European data docket today

German inflation data will be the main focus for investors in Europe today, with the release of the latest consumer price index (CPI) figures for September.

Economists are expecting the annual rate of inflation to rise to 3.4% in September, up from 3.1% in August. This would be the highest level of inflation in Germany since 2008, and would further fuel concerns about rising prices in the eurozone's largest economy.

The European Central Bank (ECB) has already signalled its intention to start scaling back its massive stimulus programme in response to the recent surge in inflation, and today's data could provide further evidence to support this move.

In addition to the German inflation figures, investors will also be keeping an eye on the latest unemployment data from the eurozone, as well as the latest retail sales figures from the UK.

Overall, it promises to be a busy day for economic data in Europe, with the potential to have a significant impact on financial markets.