CFD Markets News and Forecasts — 14-02-2013

The euro fell to a three-week low against the dollar after a report showed that the decline in the euro area has increased in the fourth quarter, more than expected, undermining demand for assets in the region and to encourage the retention of interest rates at low levels.

The single currency also fell against the yen as separate data showed that gross domestic product fell in Germany and France.

The euro also fell after the vice-president of the European Central Bank's Vitor Constancio said the ECB is technically ready for the negative interest rate on deposits in case of need. Recall that the ECB deposit rate is now zero. The central bank usually change their rates three together, so any reduction in rates by 25 basis points could lead to a reduction in deposit rates to 0.25%, which will reduce the attractiveness of the euro.

The dollar rose, helped by the reported data on the number of initial claims for unemployment insurance, which showed a larger than expected decline. According to the U.S. Department of Labor, for the week of February 10, the number of Americans who first filled out a form to apply for unemployment benefits fell by 27 thousand to 341 thousand - 360 thousand lower than forecast and the revised value for the previous week to 368 thousand

The four-week moving average of initial claims, which smooths out weekly volatility, rose by 1,500 to 352,500. Despite a slight increase in the last week, the average rate remained at five-year low.

The yen rose against most major currencies, after the Russian finance minister said that the G20 group should take a tougher stance on currency manipulation.

The New Zealand dollar rose against the U.S. dollar while still achieving the highest level in the last 17 months, after data showed that the index of business activity in the manufacturing sector rose sharply in January, while still achieving the level of 55.2, which is the maximum with June 2010. Note that such positive data significantly increase the chance that the central bank will raise its level of interest rates.

Most European stocks declined as reports showed the economies of the euro area and Japan shrank in the fourth quarter, outweighing a decrease in American jobless claims.

The Stoxx Europe 600 Index retreated 0.2 percent to 287.79 at the close, paring an earlier drop of as much as 0.6 percent, as releases showed the economies of Germany, France and Italy all contracted more than estimated.

Euro area gross domestic product fell 0.6 percent in the fourth quarter from the previous three months, the European Union’s statistics office in Luxembourg said. That exceeded the 0.4 percent median estimate. The German economy, Europe’s largest, shrank 0.6 percent in the fourth quarter, while French GDP fell 0.3 percent. Italy’s economy shrank 0.9 percent. All contractions exceeded the median forecasts of economists. In Japan, GDP dropped an annualized 0.4 percent, following a revised 3.8 percent decline in the previous quarter, the Cabinet Office said. The median forecast of economists called for 0.4 percent growth.

National benchmark indexes fell in 13 of the 18 western European markets.

FTSE 100 6,327.36 -31.75 -0.50% CAC 40 3,669.6 -28.93 -0.78% DAX 7,631.19 -80.70 -1.05%

Nestle dropped 2.3 percent to 63 Swiss francs. The company said its sales excluding acquisitions, disposals and currency changes increased 5.9 percent in 2012. That was less than the 6 percent average estimate of analysts.

Britvic Plc lost 7.1 percent to 390 pence, a 10-week low. The U.K. distributor of Pepsi was downgraded at Societe Generale SA, JPMorgan Chase & Co. and Barclays Plc. A.G. Barr Plc called off its planned acquisition of Britvic yesterday after the Office of Fair Trading referred the deal to the Competition Commission.

Bankia SA, the lender recently ejected from Spain’s benchmark IBEX 35 Index, slumped 12 percent to 41 euro cents. The bank will convert bonds to equity at 1 euro cent per share as part of its reorganization, Expansion reported.

Renault advanced 7.7 percent to 46.50 euros, its biggest gain since September 2011. France’s second-largest carmaker said earnings before interest, taxes and one-time items totaled 729 million euros ($971.5 million). That beat the 698 million-euro average estimate.

ABB rose 5.6 percent to 20.81 francs, its biggest advance in 18 months, after reporting earnings that surpassed analyst estimates. The world’s largest maker of power transformers said it will continue to focus on cutting costs this year amid an uncertain economic outlook.

BNP Paribas SA gained 2 percent to 46.75 euros. The bank plans to reduce its annual cost base by 2 billion euros by 2015. BNP plans to increase its dividend to 1.50 euros a share from 1.20 euros a year earlier.

The cost of oil fell today after data showed that the euro zone's gross domestic product declined by the end of last quarter, more than expected. In addition, the decline in oil prices has an impact constraining expectations for world economic growth and increased demand for energy.

According to preliminary data of Eurostat, in Q4. E-17 GDP has accelerated the rate of decline of -0.1% q / q in the previous quarter to -0.6% against the more moderate forecast -0.4%. The annual equivalent rate fell by 0.9% against prev. -0.6% And the forecast -0.7% y / y In addition, the report showed that the three largest economies in the euro area - Germany, France and Italy - fell more than expected. The German economy contracted by 0.6%, registering with the worst performance since the global financial crisis.

However, market sentiment improved slightly after the data, which showed a stronger-than-expected drop in the number of initial unemployment benefits in the U.S., indicating a continuation of sustained improvement of labor market conditions.

Concern for the supply of Middle East oil to limit the drop in prices after a UN Atomic Energy said that it could not back a deal in talks with Iran over its nuclear program investigation.

Investors are now awaiting the outcome of a meeting of finance ministers and central bank governors of the G20 at the end of this week, which may shed light on the future of the world economy.

March futures price of U.S. light crude oil WTI (Light Sweet Crude Oil) rose $ 0.43, and now stands at 97.44 per barrel on the New York Mercantile Exchange.

March futures price for North Sea petroleum mix of mark Brent fell $ 0.86, and is now $ 117.86 a barrel on the London Stock Exchange ICE Futures Europe.

Gold prices fell today, reaching a five-week low at the same time, and despite the short-term speculative buying, further growth was limited by the weakness of the single currency and the situation on world exchanges.

Note that analysts saw the interest of short-term investors who want to cover their positions in gold, but as the technical picture remains weak, they predict that the continued liquidation of positions to continue if no clear reason for moving up.

Note that gold so could not get support from the euro, which fell against the dollar, as well as European stocks, which started to decline after data showed that the French and the German economy shrank more than expected in the fourth quarter 2012.

Meanwhile, support for the dollar had the U.S. data, which showed that the number of initial claims for unemployment benefits fell last week, more than expected.

Note that investment in gold as a whole fell this year on signs that countries such as the United States and China are rising, while the problems of sovereign debt and the economic recession in Europe is expected to continue.

In addition, the focus of the market is still a meeting of G20, which officials of central banks should provide clues on global growth as well as their views on the situation on the currency market.

February futures price of gold on COMEX today dropped, and now is up to 1641.90 dollars per ounce.

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The number of U.S. workers filing new applications for unemployment benefits fell significantly last week, the latest signal that the labor market is improving.

Initial jobless claims, a measure of layoffs, decreased by 27,000 to a seasonally adjusted 341,000 in the week ended Feb. 9, the Labor Department said Thursday.

Economists surveyed by Dow Jones Newswires had forecast 360,000 new applications for jobless benefits last week. Claims for the prior week were revised up to 368,000 from an initial estimate of 366,000

The four-week moving average of claims, which smoothes out week-to-week volatility, advanced by 1,500 to 352,500. Despite the slight rise last week, the average level remained near a five-year low.

A Labor Department analyst said figures were estimated for Illinois and Connecticut, the later due the recent snow storm that prevented state employees from reporting to their offices. The analyst, however, said the snow, which fell late in the week, likely had little impact of the number of claims filed to the state because most are sent via telephone or the Internet.

The number of new claims has fallen in four of the past five weeks. The downward trend points to slow but steady job growth. Hiring typically picks up when layoffs decline.

Earlier this month, the Labor Department said employers added 157,000 jobs in January, and revised data showed job growth in 2012 was better than first reported.

Still, the unemployment rate, obtained by a separate survey of U.S. households, moved up one-tenth of a percentage point to 7.9% last month, in part because the labor force is growing.

Thursday's claims report showed the number of continuing unemployment benefit claims--those drawn by workers for more than a week--decreased by 130,000 to 3,114,000 in the week ended Feb. 2. That's the lowest level since July 2008. Continuing claims are reported with a one-week lag.

The number of workers requesting unemployment insurance was equivalent to 2.4% of employed workers paying into the system in the week ended Feb. 2, down from 2.5% the prior week.

EUR/USD $1.3300, $1.3350, $1.3370, $1.3400, $1.3425, $1.3450, $1.3460, $1.3500

USD/JPY Y93.00, Y93.50, Y93.55, Y93.75, Y94.0

GBP/USD $1.5500, $1.5630, $1.5685, $1.5700

AUD/USD $1.0320, $1.0325, $1.0350

AUD/JPY Y95.60

06:30 France GDP, q/q (preliminary) IV quarter +0.1% -0.2% -0.3%

06:30 France GDP, Y/Y (preliminary) IV quarter 0.0% -0.2% -0.3%

07:00 Germany GDP (QoQ) (preliminary) IV quarter +0.2% -0.5% -0.6%

07:00 Germany GDP (wda) (YoY) (preliminary) IV quarter +0.4% +0.2% +0.4%

07:45 France Non-Farm Payrolls (preliminary) IV quarter -0.3% -0.2% -0.2%

09:00 Eurozone ECB Monthly Report February

10:00 Eurozone GDP (QoQ) (preliminary) IV quarter -0.1% -0.4% -0.6%

10:00 Eurozone GDP (YoY) (preliminary) IV quarter -0.6% -0.7% -0.9%

The euro fell sharply against the dollar after the release of the preliminary report on the euro area GDP, were worse than expected. In the 4th quarter Eurozone GDP has accelerated the rate of decline from the preliminary -0.6% to -0.9% in annual terms compared with an expected 0.7%. In the quarterly equivalent index fell by 0.6% vs. -0.4%.

In the 4th quarter of 2012, gross domestic product / GDP / eurozone contracted at the fastest pace in nearly four years. Weakening global economic activity and the deep recession, recorded in the southern eurozone countries had a negative impact on these engines of economic growth, such as Germany and France.

In Germany, in the 4 th quarter GDP fell by 0.6% q / q St. after growth of 0.2% in the previous quarter and the forecast of -0.5%. The annual equivalent of NSW. rose by 0.1%, slowing down against the result of +0.4% in Q3. and fell short of the forecast +0.2%. In France, the economy contracted by 0.3% q / q. In Italy, the economy has picked up the baton and declined in Q4. by 0.9% q / q vs. -0.6%. The annual rate fell by 2.7% against prev. -2.4%.

The ECB has warned that strengthening of the euro could reduce the rate of inflation for the target mark of the Bank. As an upside inflation risks were identified increase in administered prices and indirect taxes, and the price of oil, while the downside risks to the Bank considered the economic slowdown and the strengthening of the single currency, noted recently. The ECB expects the region's economy will start to recover later this year.

The yen is trading sideways against the dollar, as investors reacted to the decision by the Bank of Japan kept monetary policy unchanged and consider further support for the Japanese economy in the coming months due to the ongoing recession in the country. Also today, the data released by Japan, which recorded that the economy is in the 4th quarter. 2012 was not able to get out of recession. In annual terms, the Japanese economy on the basis of the last three months of 2012 decreased by 0.4%. Analysts had expected with growth of 0.1% compared to the third quarter and 0.4% year on year.

EUR / USD: during the European session the pair fell to the low of $ 1.3314

GBP / USD: during the European session the pair fell to the low of $ 1.5493

USD / JPY: during the European session the pair is trading in the range of Y93.08 - 72

In the U.S. at 13:30 GMT will the number of initial claims for unemployment insurance, the number of repeated applications for unemployment benefits. At 21:45 GMT New Zealand will publish the change in retail trade, including excluding vehicle sales for the 4th quarter.

EUR/USD

Offers $1.3420/30, $1.3400

Bids $1.3310/00, $1.3290, $1.3280, $1.3250

GBP/USD

Offers $1.5650, $1.5600/10, $1.5585, $1.5550

Bids $1.5490/85, $1.5460/50, $1.5400/390

AUD/USD

Offers $1.0450, $1.0415/20, $1.0400, $1.0380/85

Bids $1.0310/00, $1.0295/90, $1.0270/65, $1.0250, $1.0240/35

EUR/JPY

Offers Y126.50, Y126.30, Y125.95/00, Y125.50/55, Y124.90/00

Bids Y124.20, Y124.00, Y123.50, Y123.10/00, Y122.80

USD/JPY

Offers Y94.50, Y94.25/30, Y93.90/00, Y93.80

Bids Y93.20/10, Y93.00, Y92.85/80, Y92.70, Y92.60/50, Y92.40/35

EUR/GBP

Offers stg0.8770/75, stg0.8720, stg0.8685/90

Bids stg0.8570, stg0.8545/40, stg0.8520/15

European stocks declined, snapping two days of gains, as reports showed the economies of the euro area and Japan shrank in the fourth quarter.

Recession in the euro area deepened more than economists forecast, a report showed. Gross domestic product fell 0.6 percent in the fourth quarter from the previous three months, the European Union’s statistics office in Luxembourg said. That exceeded the 0.4 percent median estimate. The German economy, Europe’s largest, contracted more than economists had projected in the fourth quarter as exports declined. The French economy also shrank more than forecast, with GDP falling 0.3 percent in the fourth quarter.

In Japan, GDP contracted an annualized 0.4 percent, following a revised 3.8 percent drop in the previous quarter, the Cabinet Office said. The median forecast of 32 economists called for 0.4 percent growth.

Nestle dropped 2.5 percent to 62.90 Swiss francs. The company said its sales excluding acquisitions, disposals and currency changes increased 5.9 percent in 2012. That was less than the 6 percent average estimate of 11 analysts.

Renault advanced 5.4 percent to 45.53 euros, the highest price since February 2011. France’s second-largest carmaker said earnings before interest, taxes and one-time items totaled 729 million euros ($977 million). That beat the 698 million-euro average of 15 analyst estimates.

BNP Paribas gained 1.51 euros to 47.36 euros. The bank plans to reduce its annual cost base by 2 billion euros by 2015, while also hiring 1,300 staff at its corporate- and investment- banking and money-management units in Asia over three years. France’s second-largest lender said fourth-quarter net income fell 33 percent to 514 million euros. BNP plans to increase its dividend to 1.50 euros a share from 1.20 euros a year earlier.

FTSE 100 6,307.14 -51.97 -0.82%

CAC 40 3,664.82 -33.71 -0.91%

EUR/USD $1.3300, $1.3400, $1.3500, $1.3550

USD/JPY Y92.00, Y93.00, Y93.50, Y93.55

GBP/USD $1.5630, $1.5685, $1.5700

AUD/JPY $1.0320, $1.0325

AUD/JPY Y95.60

Asian stocks rose after the Bank of Japan maintained its asset purchasing program before its governor steps down next month amid speculation an unexpected contraction in Japan’s economy in the fourth quarter will boost efforts to end deflation.

Nikkei 225 11,307.28 +55.87 +0.50%

Hang Seng Closed

S&P/ASX 200 5,036.88 +33.22 +0.66%

Shanghai Composite Closed

Asahi Group Holdings Ltd. advanced 5.8 percent as the biggest beer maker in Japan by market share said it will buy back as much as 4.3 percent of its stock and forecast profit will rise 15 percent.

Alumina Ltd. soared 7.5 percent in Sydney after Citic Resources Holdings Ltd. agreed to buy a stake in the company for A$452 million ($468 million).

Singapore Telecommunications Ltd. lost 2.2 percent as earnings declined on charges at its Australian and Philippine businesses.

The euro fell against most major currencies after a published report showed that the unemployment rate in Portugal rose in the fourth quarter to 16.9%, compared with 15.8% in the third quarter, the highest value since the creation of the euro area. Recall that in the fourth quarter of 2011 the unemployment rate was 14%. The data also showed that the number of unemployed in the country for the year rose by 19.7% per year to 923 200. Meanwhile, the number of employed persons decreased by 4.3% to 4.53 million.

The yen traded little changed against the dollar and the euro after sharp movements in the previous session. It is believed that investors cut bearish positions in the yen after an official statement from the Group of Seven countries in which concern was expressed about the excessive movements in the currency of Japan. G7 official representative said that the statement of the group was to signal the concerns about excessive depreciation of the yen. However, economists point out that, in general, no words G7 will not change the basic predictions for the Japanese currency market, and no one expects that the yen could go back to the previous range against the dollar at the 80th figure. Investors are also likely to show caution before the results of the meeting of the Bank of Japan, which ends on Thursday, although many expect that the bank will refrain from any further until the mitigation measures.

The pound fell after the Bank of England said risks to the recovery of the UK economy have been weighted to the downside. The British pound came under heavy pressure after the Bank of England released a quarterly report on inflation, and after the show the head of the Central Bank Governor Mervyn King. The report of the Bank of England reported that UK GDP will remain below pre-crisis levels until 2015, and the CPI will exceed the target mark in the next three years. Head of CB King believes that restoring the UK economy will go more slowly, and that further monetary stimulus will support only market optimism, but not growth. The pound fell to a six-month low against the dollar after the King spoke of the need for further measures to stimulate foreign demand, while hinting that further currency depreciation would help improve the situation.

Asia’s benchmark stocks gauge traded at an 18-month high as earnings from Commonwealth Bank of Australia and Leighton Holdings Ltd. boosted investor optimism. Japanese shares dropped as a stronger yen soured the earnings outlook for exporters.

Nikkei 225 11,251.41 -117.71 -1.04%

Hang Seng Closed

S&P/ASX 200 5,003.66 +44.67 +0.90%

Shanghai Composite Closed

Commonwealth Bank, the nation’s largest lender, climbed 2.4 percent as retail banking and wealth management boosted first- half profit by 1 percent.

Leighton, Australia’s largest construction company, surged 11 percent after returning to full- year profit and reducing debt levels.

Toyota Motor Corp. slid 1.8 percent in Tokyo as the yen gained against all 16 major peers.

Gree Inc., a Japanese social-network game operator, plunged after cutting its profit forecast.

European stocks advanced for a second day, erasing an earlier drop, as companies from Heineken NV to PSA Peugeot Citroen reported better-than-estimated results and euro-area industrial output rose more than forecast.

The Stoxx Europe 600 Index rose 0.4 percent to 288.27 at the close of trading, after dropping as much as 0.3 percent.

National benchmark indexes rose in 16 of the 18 western European markets.

FTSE 100 6,359.11 +20.73 +0.33% CAC 40 3,698.53 +11.95 +0.32% DAX 7,711.89 +51.70 +0.67%

Euro-area industrial production increased more than economists forecast in December. Factory production in the 17- nation currency bloc rose 0.7 percent from November, when it declined a revised 0.7 percent, the European Union’s statistics office in Luxembourg said today. Economists had forecast a gain of 0.2 percent.

Heineken added 5.7 percent to 54.93 euros, its highest price since at least October 1989. Earnings before interest and taxes, excluding some items, rose to 2.9 billion euros ($3.9 billion) from 2.7 billion euros a year earlier, the maker of Amstel lager and Strongbow cider said. That beat the median estimate for profit of 2.85 billion euros.

Peugeot, Europe’s second-biggest carmaker, advanced 7.3 percent to 6.40 euros, its biggest gain since Jan. 4. The company posted a loss before interest, taxes and one-time items of 576 million euros for 2012, down from a profit of 1.09 billion euros a year earlier. The loss was narrower than the 647 million-euro average analyst estimate.

Kabel Deutschland surged 8.8 percent to 69.17 euros, the highest price since its March 2010 initial public offering, as a person familiar with the matter said Vodafone is considering a takeover bid.

Societe Generale declined 1.17 euros to 31.50 euros. France’s second-largest bank posted a fourth-quarter loss after writing down its stake in derivatives broker Newedge Group and setting aside 300 million euros for legal expenses. The net loss was 476 million euros, compared with a 100 million-euro profit a year earlier, the Paris-based lender said. That was wider than the average estimate for a loss of 203 million euros.

U.S. stock indexes updated multi-year highs, but finished trading mixed trends.

Investor's published corporate reports and economic data. Positive start trading today was the result of U.S. President Barack Obama to Congress, which was held yesterday. In his annual message Obama urged Congress to support the government to revive the fallen in the stagnation of the economy through the creation of quality jobs for the middle class. Obama also proposed to increase spending on infrastructure projects.

Despite the preservation of positive sentiment in the market, waiting for the correction are rising. The reason for this is the absence of significant positive factors, which could become the driver of growth. Growth index from the beginning of the year was somewhat excessive and well founded fear of this rate in the future.

According to surveys resource CNNMoney, the majority of respondents expecting investment strategist at the S & P 500 to the end of the year at 1,490 points. After recent gains S & P index has steadily entrenched above $ 1500 and 1490-1500 area is seen as an important area of ​​support.

DOW index components exhibit predominantly negative dynamics (22 of 30). More than others in the share price fell Boeing Co. (BA, -1.75%). Leader with shares in General Electric (GE, +3.76%), which increased due to reports of a company selling its stake in the shares of the media holding NBC Universal.

Sector of the S & P show a mixed trend. Leading sector of industrial goods (0.7%). Below is the rest of the sector conglomerates (-0.7%).

At the close:

Dow -35.79 13,982.91 -0.26%

Nasdaq +10.39 3,196.88 +0.33%

00:00 China Bank holiday -

03:00 Japan BoJ Interest Rate Decision - 0.10% 0.10% 0.10%

03:00 Japan BoJ Monetary Policy Statement -

06:00 Japan BOJ Press Conference -

The yen halted a two-day advance as investors overlooked the Bank of Japan’s decision to keep its asset purchases unchanged and speculated the central bank will add stimulus next month as the nation’s economy slows. The yen fell after former BOJ Deputy Governor Kazumasa Iwata, a potential candidate to become the next central bank head, signaled the currency has scope to depreciate further.

Data showed today Japan’s gross domestic product unexpectedly shrank in the fourth quarter. Gross domestic product contracted an annualized 0.4 percent, following a revised 3.8 percent fall in the previous quarter, the Cabinet Office said in Tokyo today. The median forecast of 32 economists surveyed by Bloomberg News was for 0.4 percent growth. Nominal GDP shrank 0.4 percent on quarter.

New Zealand’s dollar, nicknamed the kiwi, rose for a third day after figures showed the nation’s manufacturing industry grew at the fastest pace since May. New Zealand’s PMI increased to 55.2 in January from a revised 50.4 in December, Business New Zealand and the Bank of New Zealand Ltd. said in a statement released in Wellington. A reading over 50 signifies expansion.

EUR/USD: during the Asian session, the pair traded in the range of $1.3440-50.

GBP/USD: during the Asian session the pair fell updating week’s low.

USD/JPY: during the Asian session, the pair rose to Y93.60.

The data calendar gets underway early Thursday, with the release of the French fourth quarter flash GDP data. There is further French data at 0730GMT, with the release of the January BoF retail survey. Also at 0900GMT, the ECB is set to release its latest monthly report, which is unlikely to vary much from President Draghi's opening statement at the recent press conference. Following The release of national GDP data, the overall EMU Q4 numbers are set for release at 1000GMT. At 1100GMT, the European Commission is set to present proposals for a tax on financial transactions in 11 EU member states.

Change % Change Last

Oil $97.09 +0.08 +0.08%

Gold $1,642.70 -2.40 -0.15%

Change % Change Last

Nikkei 225 11,251.41 -117.71 -1.04%

Hang Seng Closed

S&P/ASX 200 5,003.66 +44.67 +0.90%

Shanghai Composite Closed

CAC 40 3,698.53 +11.95 +0.32%

DAX 7,711.89 +51.70 +0.67%

Dow -35.79 13,982.91 -0.26%

Nasdaq +10.39 3,196.88 +0.33%

S&P +0.9 1,520.33 +0.06%

(pare/closed(00:00 GMT +02:00)/change, %)

EUR/USD $1,3450 -0,03%

GBP/USD $1,5540 -0,78%

USD/CHF Chf0,9168 -0,01%

USD/JPY Y93,37 -0,11%

EUR/JPY Y125,61 -0,11%

GBP/JPY Y145,16 -0,83%

AUD/USD $1,0370 +0,65%

NZD/USD $0,8452 +0,56%

USD/CAD C$1,0017 -0,03%

00:00 China Bank holiday -

03:00 Japan BoJ Interest Rate Decision - 0.10% 0.10%

03:00 Japan BoJ Monetary Policy Statement -

06:00 Japan BOJ Press Conference -

06:30 France GDP, q/q (preliminary) IV quarter +0.1% -0.2%

06:30 France GDP, Y/Y (preliminary) IV quarter 0.0% -0.2%

07:00 Germany GDP (QoQ) (preliminary) IV quarter +0.2% -0.5%

07:00 Germany GDP (wda) (YoY) (preliminary) IV quarter +0.4% +0.2%

07:45 France Non-Farm Payrolls (preliminary) IV quarter -0.3% -0.2%

09:00 Eurozone ECB Monthly Report February

10:00 Eurozone GDP (QoQ) (preliminary) IV quarter -0.1% -0.4%

10:00 Eurozone GDP (YoY) (preliminary) IV quarter -0.6% -0.7%

13:30 U.S. Initial Jobless Claims - 366 361

15:30 U.S. FOMC Member Tarullo Speaks -

17:50 U.S. FOMC Member James Bullard Speaks -

21:45 New Zealand Retail Sales, q/q IV quarter -0.4%