Wage growth in the U.K. remained strong in December, which could be used as an argument in favor of more rate hikes from the Bank of England.
Steelmaker Thyssenkrupp reported weaker than expected results for Q1 and noted that its turnaround is taking longer than expected.
Germany’s Finance Minister Lindner pushed back on an EU Commission proposal that would allow individual debt reduction conditions for EU member states.
Eurozone’s Q4 GDP 0.1% qtr/qtr, as expected (last 0.3%); 1.9% yr/yr, as expected (last 2.3%). Q4 Employment Change 0.4% qtr/qtr (expected 0.2%; last 0.3%); 1.5% yr/yr (last 1.8%)
Germany’s January WPI 0.2% m/m (expected 1.2%; last -1.6%); 10.6% yr/yr (last 12.8%)
U.K.’s December average earnings index + bonus 5.9% yr/yr (expected 6.2%; last 6.5%). December Unemployment Rate 3.7%, as expected (last 3.7%). January Claimant Count -12,900 (expected 17,900; last -3,200)
France’s Q4 Unemployment Rate 7.2% (expected 7.3%; last 7.3%)
Swiss January PPI 0.7% m/m (last -0.7%); 3.3% yr/yr (last 3.2%)