Major European indices trade well below their flat lines amid renewed concerns about growth.
European Central Bank policymaker Knot said that the central bank plans to implement multiple 50-bps rate hikes and that he sees no signs of a slowdown in underlying inflation.
EU Economic Commissioner Gentiloni said that the bloc is currently in a contraction that is likely to last two quarters.
Norway’s central bank left its policy rate at 2.75% but signaled a rate hike in March.
Eurozone’s November Current Account surplus EUR13.60 bln (expected deficit of EUR11.60 bln; last deficit of EUR4.50 bln)
Swiss December PPI -0.7% m/m (last -0.5%); 3.2% yr/yr (last 3.8%)
Spain’s November trade deficit EUR3.31 bln (last deficit of EUR6.85 bln)