EUROPEAN Trading Newsletter

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EMU INDUSTRIAL PRODUCTION S.A.

EMU economic indicators - German ZEW economic sentiment is expected to deteriorate in March by BHF−Bank

January EMU industrial production is likely to have increased, as most of the corresponding national figures are expected to have gone up. French industrial production will probably only have increased slightly at best in January , because most of the correlated climate indicators deteriorated and French consumer spending declined. However, Italian industrial production is also expected to have continued declining in January , as the Italian business climate worsened.

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Japan GROSS DOMESTIC PRODUCT

Japan's economy grows at slower pace in Q4 on smaller capital spending (Thomson Financial News)

The Japanese economy grew at a slightly slower pace than expected in the fourth quarter, hit by lower investment in fixed assets by corporate Japan, the government's revised data showed Wednesday. But growth accelerated in the fourth quarter from the third quarter, supported by firm household and corporate spending and brisk exports to emerging markets.

• Read the Gross Domestic Product report at Japan Cabinet Office
• Japan's economy grows at slower pace in Q4 on smaller capital spending − UPDATE (Thomson Financial News)
• DATA SNAP: Japan Oct−Dec Revised Annualized GDP +3.5% (Dow Jones)

Japan ADJUSTED CURRENT ACCOUNT

Japan Jan Unadjusted Curr Acct Surplus +8.1% On Yr (Dow Jones)

Japan's current account surplus rose 8.1% in January from a year earlier, the Finance Ministry said Wednesday, indicating that net trade started off on a good footing in the first quarter despite fears of an export slowdown. The surplus in the current account, the broadest measure of Japan's trade with the rest of the world, stood at Y1.236 trillion before seasonal adjustment, the data showed. That's wider than expected by economists surveyed by Dow Jones and Nikkei, who estimated a surplus of Y1.213 trillion.

• Read the Current Account report at Japan Ministry of Finance
• Japan's current account surplus rises 8.1 pct in January, beats forecast (Thomson Financial News)

Japan DOMESTIC CORPORATE GOODS PRICE INDEX

Japan Feb Domestic CGPI +3.4% On Yr Vs +3.0% In Jan (Dow Jones)

Japan's domestic corporate goods prices rose 3.4% in February from the same month a year earlier, the Bank of Japan said Wednesday, marking the 48th straight month of rises on the back of strong international commodity prices. The increase was bigger than the 3.3% on−year growth that Tokyo−based analysts surveyed by Dow Jones had forecast on average. The CGPI shows prices of domestically produced and used goods traded among companies.

• Read the CGPI report at Bank of Japan
• Japan Feb Corporate Goods Price Index Table Of Data (Dow Jones)
• Japan's corporate goods price index up 3.4 pct in February, fastest in 27 years (Thomson Financial News)