Spanish Industrial Production YoY (Nov) Y/Y 4.5% vs. Exp. 1.0% (Prev. 1.2%)
The stronger-than-expected industrial production growth in Spain for November at 4.5% could signal robust economic activity in the region, especially compared to the expected 1.0%.
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
Spanish Industrial Production YoY (Nov) Y/Y 4.5% vs. Exp. 1.0% (Prev. 1.2%)
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 significant upside may offer support to the euro and influence the view on Spain's contribution to eurozone growth, potentially impacting ECB policy discussions around rates moving forward.
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