From Eurozone, yesterday, German Factory Orders figures were released. Based on provisional data, the Federal Statistical Office (Destatis) reports that price-adjusted new orders in manufacturing had increased in December 2017 a seasonally and working-day adjusted 3.8% on the previous month. For November 2017, revision of the preliminary outcome resulted in a decrease of 0.1% compared with October 2017 (primary –0.4%). Price-adjusted new orders without major orders in manufacturing had increased in December 2017 a seasonally and working-day adjusted +0.8% on the previous month.
In the US session Trade Balance figures were released. The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced today that the goods and services deficit was $53.1 billion in December, up $2.7 billion from $50.4 billion in November, revised. December exports were $203.4 billion, $3.5 billion more than November exports. December imports were $256.5 billion, $6.2 billion more than November imports.
There will be no major data releases both from Eurozone and USA tomorrow, so we can expect a bit steadier session.
