Indian Services PMI (Dec F) 58.0 (Prelim. 59.1)

ENI (ENI IM) and Repsol (REP SM) are said to be in a struggle to recoup USD 6bln in gas payments from Venezuela, according to FT

Italy's government and Pirelli (PIRC IM) are searching for ways to end Sinochem's (600500 CH) involvement in the Milan-based tyre maker, which could be banned from the US due to Chinese chemical groups shareholding, according to FT

Indian Services PMI (Dec F) 58.0 (Prelim. 59.1)

Goldman Sachs says Chinese steel mills face an extended period of depressed margins as efforts to cut capacity in the sector goes slower than expected, while exports remain high

ANZ says Venezuela oil output increase is unlikely until the end of the decade as aging infrastructure will require billions of dollars in spending, according to Bloomberg