Today, German industrial production for December is set to be released. Industrial production was solid throughout October and November, with 0.5% and 0.4% monthly increases, respectively. However, factory orders saw a monthly decline in November, following October's strong increase, which indicates declining industrial production in December. Thus, we expect the December figure to show a monthly decline of 0.4%.
Chinese FX reserve data to be released this morning are likely to attract some attention, as we saw big movements in the Chinese currency in January.
ECB's Weidmand speaks in Mainz.
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