BASF reported weaker than expected results for Q4, announced cost cuts, job cuts, and terminated its buyback.
European Central Bank policymaker Nagel said that a “robust” rate hike is needed in March and that more hikes are likely to follow.
Germany’s Q4 GDP -0.4% qtr/qtr (expected -0.2%; last -0.2%); 0.3% yr/yr (expected 0.5%; last 0.5%). March GfK Consumer Climate -30.5 (expected -30.4; last -33.8)
France’s February Consumer Confidence 82 (expected 80; last 83) o Spain’s January PPI 8.2% yr/yr (last 14.9%)
Swiss Q4 employment 5.398 mln (last 5.362 mln)