FX:Euro zone industrial new orders jump more-than-expected
Forexpros - Industrial new orders in the euro zone rose significantly more-than-expected in December, rebounding from the previous month’s drop, official data showed on Wednesday.
In a report, Eurostat said that industrial new orders rose by a seasonally adjusted 1.9% in December, blowing past expectations for a 0.6% gain.
Industrial new orders for November were revised to a 1.2% drop from a previously reported decline of 1.3%.
The report showed that the annualized rate of industrial new orders in the euro zone fell 1.7% in December from a year earlier, better-than-expectations for a 2.8% decline, after dropping at a rate of 2.7% in the previous month.
Following the release of the data, the euro pared losses against the U.S. dollar, with EUR/USD easing down 0.02% to trade at 1.3231.
Meanwhile, European stock markets held on to losses. The EURO STOXX 50 fell 0.65%, France’s CAC 40 declined 0.35%, London’s FTSE 100 shed 0.4%, while Germany's DAX dropped 0.85%.
