In the 17-naton region, attention will turn to unemployment, confidence and inflation reports, which will provide an update about the health of the economy.

Joblessness may linger at 12.0 percent in September, according to median forecast. The rate predicted to hold at 12.0 percent for a third straight month after falling from 12.1 percent in June.

Some analysts predict unemployment to climb to 12.3% by the end of this year before falling back to 12% by 2015.

In Germany, the region’s biggest economy, joblessness may stabilize at 6.9 percent in October, according to a report due this week.

The most recent data has pointed to progress but there are some worries the recovery pace would not continue in the last quarter.

A Composite of manufacturing and services for the euro area retreated to 51.5 in October from a prior of 52.2.

Another report released last week showed that Germany`s business confidence halted its advance in October after rising for five straight months.

This week, a report may show that European economic confidence rose to 97.5 in October from 96.9 in September.

Regarding inflation, expectations of are in favor of seeing a steady CPI estimate at 1.1 percent in October.

Meanwhile, inflation is not a problem to the European central bank, which is focusing more on boosting recovery and adopting strong supervision on banks to prevent any repetition to another financial turmoil.

In the U.K., PMI manufacturing will grab attention as investors want to see how robust the recovery pace after the strong 0.8 percent advance in the third quarter.

The manufacturing sector will retreat to 56.5 in October from 56.7, according to median forecast.