Austrian Industrial Production YoY (Nov) Y/Y -0.3% vs. Exp. 2.9% (Prev. 3.3% )
The significant miss on Austrian industrial production relative to expectations suggests a potential slowdown in the economy, deviating sharply from the forecasted growth.
European Movers: Glencore (GLEN LN) +8.2%, BNP Paribas (BNP FP) +3.1%, Antofagasta (ANTO LN) +3.0%, BMW (BMW GY) -0.3%, Aviva (AV/ LN) -1.0%, Rio Tinto (RIO LN) -2.2%, Sainsbury's (SBRY LN) -2.6%
China's Auto industry body CPCA announced 2.28mln passengers cars was sold in December, marking a 14.5% decrease Y/Y
Austrian Industrial Production YoY (Nov) Y/Y -0.3% vs. Exp. 2.9% (Prev. 3.3% )
Taiwan Balance of Trade (Dec) 19.43B vs. Exp. 16.1B (Prev. 16.09B, Rev. 16.09B)
Japan megabanks are to jointly lend USD 1.5bln to the Saudi government
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This weak performance could signal concerns about domestic demand and may have implications for broader economic trends in the Eurozone, possibly influencing ECB policy outlook as well.
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