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European Economics Preview: Germany Industrial Output Data Due

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Industrial production and foreign trade figures from Germany are due on Friday, headlining a light day for the European economic news.

At 2.00 am ET, Destatis is scheduled to issue Germany's industrial production data for December. Production is expected to fall 0.2 percent on month, reversing a 1.1 percent rise in November.

Germany's exports are expected to grow 0.5 percent on month in December, and imports to climb 0.3 percent.

In the meantime, Statistics Norway publishes mainland Norway GDP and industrial production figures.

At 2.45 am ET, industrial production, payroll employment and balance of payment figures are due from France.

At 3.00 am ET, Spain's INE releases industrial production data for December. Output is expected to grow 2.2 percent on year, faster than the 2.1 percent rise in November.

Also, wholesale prices and trade data from Austria and trade balance from Hungary are due at 3.00 am.

At 3.30 am ET, UK Halifax house price data is due. Economists forecast house prices to drop 0.2 percent on month in January, following a 1.7 percent rise in December.

At 4.00 am ET, Italy's Istat releases retail sales for December.

At 5.30 am ET, Russia's central bank announces its rate decision. The bank is forecast to cut its key rate by 25 basis points to 6.00 percent.

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