From Eurozone, on Monday, Industrial Production figures were released. In January 2016 compared with December 2015, seasonally adjusted industrial production rose by 2.1% in the euro area (EA19), beating forecasts on 1.7% incline, and by 1.7% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In December 2015 industrial production fell by 0.5% in the euro area and by 0.6 in the EU28. In January 2016 compared with January 2015, industrial production increased by 2.8% in the euro area and by 2.5% in the EU28.
There will be no major data releases from Eurozone tomorrow, so we can expect a bit steadier morning part of the session. In the US session Retail Sales, PPI and Empire State Manufacturing Index figures are scheduled for a release. Analysts predict 0.2% decrease in PPI and 0.1% fall in Retail Sales, while Empire State Manufacturing Index should increase to -10.3.
Figures to watch:
Retail Sales (Tuesday 13:30)
PPI (Tuesday 13:30)
Empire State Manufacturing Index (Tuesday 13:30)
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