US NY Fed Empire mfg index rose to 7.7 in Jan, up from -3.7 in Dec
Above expected 1
Most sub-components, with the exception of labor, point to encouraging outlook ahead
Eurozone industrial production rose 0.7% MoM in Nov, the same pace as in Oct
Above expected 0.5%; YoY, industrial production rose 2.5% in Nov, up from 1.7% in Oct
Easing external drag and improving domestic demand to drive rebound ahead
China aggregate financing YTD rose to RMB35.6trn in Dec, vs RMB33.4trn in Nov
Above expected RMB35.3trn
Near-term outlook for credit growth remains lackluster; more policy easing needed
India trade deficit widened to US$25bn in Dec, from US$24.5bn in Nov
As expected; imports (8.8% YoY) rose faster than exports (1.9% YoY)
Export outlook weighed down by continued uncertainty over trade deal with US