EUROPEAN Trading Newsletter

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EMU GROSS DOMESTIC PRODUCT S.A.

EMU economic indicators - German ZEW economic sentiment is expected to decline in February by BHF−Bank

French GDP is also likely to have lost momentum significantly in Q4, just like French industrial production and consumer spending. As a result, Q4 EMU GDP is expected to have increased by 0.3% quarter−on−quarter at best.

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Germany GROSS DOMESTIC PRODUCT S.A

DATA SNAP: German 4Q GDP Adj GDP +0.3% On Qtr, +1.8% On Yr (Dow Jones)

German economic activity grew in the fourth quarter on capital goods investments, preliminary data from the Federal Statistics Office showed Thursday. However, the office noted that growth was slower than in the third quarter.

• Read the GDP data at German Statistics
• German Q4 preliminary GDP growth 0.3 pct vs 0.7 pct in Q3; consensus 0.3 pct (Thomson Financial News)
• German GDP slows down in the 4th quarter (FXstreet.com)
• German Gross Domestic Product s.a increases 0.3% on the 4Q; 1.8% up on the year (FXstreet.com)

EMU economic indicators - German ZEW economic sentiment is expected to decline in February by BHF−Bank

Japan INDUSTRIAL PRODUCTION

Japan Dec Revised Indus Output +1.4% M/M Vs +1.4% (Dow Jones)

Japan's industrial output rose 1.4% in December from a month earlier, the government said Thursday, keeping the main figure unchanged from the preliminary report issued two weeks ago. The Ministry of Economy, Trade and Industry also said that shipments increased 1.6%, unchanged from the initial data.

• Read the Industrial Production report at Japan Ministry of Trade and Industry
• Japan industrial output up 1.4 pct in December, in line with estimate (Thomson Financial News)
• Japan December Revised Indus Production Table Of Data (Dow Jones)

Australia UNEMPLOYMENT RATE

DATA SNAP: Australian Jan Unemployment Rate 4.1% (Dow Jones)

Australia's unemployment rate fell to a better−than−expected seasonally adjusted 4.1% in January from 4.3% in December. The number of employed rose 26,800, the Australian Bureau of Statistics said Thursday. Economists on average had expected an unemployment rate of 4.3% in January, with the number of employed up 15,000.

• Read the Labour Force report at Australian Bureau of Statistics
• Australia's Jan unemployment rate at record low of 4.1 pct vs 4.3 pct in Dec (Thomson Financial News)

Japan GROSS DOMESTIC PRODUCT

DATA SNAP: Japan Oct−Dec GDP Better Than Expected (Dow Jones)

Japan's economy grew in October−December for the second straight quarter on the back of strong business investment, largely beating expectations. Gross domestic product rose a price−adjusted 0.9% on quarter, after growing 0.3% in the July−September period, according to preliminary data released Thursday by the Cabinet Office. On an annualized basis, GDP increased by 3.7%, compared with 1.3% growth a quarter earlier.

• Read the Gross Domestic Product report at Japan Cabinet Office
• Japan GDP grows faster than expected in Q4 − UPDATE (Thomson Financial News)
• Japan GDP grows 0.9 percent in Q4, beats forecast (Thomson Financial News)