On Friday, from Eurozone, only minor importance, German PPI data was published. In January 2016 the index of producer prices for industrial products fell by 2.4% compared with the corresponding month of the preceding year. The overall index disregarding energy decreased by 0.6% compared with January 2015. Compared with the preceding month the overall index fell by 0.7% in January 2016 (–0.5% in December 2015 and –0.2% in November 2015). Analysts were anticipating decrease by 0.3%.

In the US session CPI figures were released. The Consumer Price Index for All Urban Consumers was unchanged in January on a seasonally adjusted basis, beating forecasts on 0.1% decrease. Over the last 12 months, the all items index increased 1.4% before seasonal adjustment. An increase in the index for all items less food and energy offset a decline in the energy index to lead to the seasonally adjusted all items index being unchanged. The energy index fell 2.8 percent as all of its major component indexes declined. The index for all items less food and energy rose 0.3% in January. The increase was broad-based, with most of the major components rising, but increases in the indexes for shelter and medical care were the largest contributors. 

From Eurozone, on Monday, French and German Manufacturing and Services PMI figures will be released. No significant change from last month's numbers is expected. There will be no data releases in the US part of the session.

Figures to watch:

French Flash Manufacturing PMI/French Flash Services PMI (Monday 9:00)

German Flash Manufacturing PMI/German Flash Services PMI (Monday 9:30)