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European Economics Preview: German Wholesale Price Data Due

European Economics Preview: German Wholesale Price Data Due

No major economic reports are due at the start of the week except a debt auction from France, headlining a light day for the European economic news.

Germany's wholesale price figures for December are due at 2.00 am ET. Wholesale prices are expected to rise 3.7 percent annually after increasing 4.9 percent in November. On a monthly basis, wholesale price growth is seen at 0.2 percent.

At 3.00 am ET, Turkey's unemployment and consumer confidence figures are due. In the meantime, Czech producer prices are also due. Economists see producer price inflation to slow to 4.7 percent in December from 5.6 percent in November.

At 3.15 am ET, the Federal Statistical Office is scheduled to issue Swiss producer and import prices for December. Economists forecast producer and import prices to fall 0.1 percent month-on-month after easing 0.8 percent in November.

Italy's statistical office Istat is set to publish final consumer price figures for December at 4.00 am ET. According to preliminary estimate, EU harmonized inflation held steady at 3.7 percent.

Norway's trade balance for December is due at 4.00 am ET. The trade balance showed a surplus of NOK 35.5 billion in November.

France is set to conduct a debt auction today, the first sale after the ratings agency Standard & Poor's downgraded the country's ratings along with eight other Eurozone nations on Friday. The French government aims to raise as much as EUR 8.7 billion today. S&P lowered France's long-term sovereign credit ratings to 'AA+' from 'AAA'.

The U.S. markets are closed for the Martin Luther King, Jr. day holiday.

by RTT Staff Writer

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