Slovak Industrial Production YoY (Nov) Y/Y -4.5% vs. Exp. -3.0% (Prev. -3.8%)

The Slovak industrial production figures show a year-on-year decline of 4.5%, which is worse than the expected 3.0% contraction and a slight worsening from the previous 3.8% drop.

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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

Slovak Industrial Production YoY (Nov) Y/Y -4.5% vs. Exp. -3.0% (Prev. -3.8%)

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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Context

This miss indicates weaker industrial activity than anticipated and could raise concerns about economic momentum in Slovakia, potentially influencing the outlook for monetary policy in the EU.

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