Italy Trade Balance EU fell from previous €-1.31B to €-1.959B in November

Italy Global Trade Balance below forecasts (€5.2B) in November: Actual (€5.078B)

Ireland Consumer Price Index (YoY): 2.8% (December) vs previous 3.2%

Ireland HICP (YoY) fell from previous 3.1% to 2.7% in December

Ireland Consumer Price Index (MoM) increased to 0.5% in December from previous -0.2%

Ireland HICP (MoM) climbed from previous -0.2% to 0.6% in December

USD/KRW is forming the right shoulder of a potential Inverse Head and Shoulders, with the neckline near 1488. A breakout above this level could pave the way for gains toward 1497/1502 and 1525, Société Générale's FX analysts note.

US Dollar (USD) remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/CHF has established a higher trough near 0.9270 and is challenging the 200‑DMA and multi-year descending trendline. A successful break above 0.9400 could trigger further gains toward 0.9445–0.9485, Société Générale's FX analysts note.

The New York Times (NYT) reported during European trading hours on Thursday that the United States (US) is pressing Mexico to allow its military forces to fight against drug cartels.

Energy markets reacted sharply to a pullback in US-Iran tensions, with Brent crude dropping 5%, highlighting investor caution amid geopolitical swings.

Spain 3-y Bond Auction rose from previous 2.217% to 2.342%

EU to sign a free trade agreement with the Mercosur bloc 25 years after first entering talks. The deal, still pending ratification, will reduce import duties on over 90% of exports over 15 years.

Better-than-expected UK GDP and industrial production data have lifted confidence in sterling, exposing key support in EUR/GBP to a potential downside break, ING's FX analyst Chris Turner notes.

Germany Real GDP Growth rose from previous -0.2% to 0.2%

Italy Industrial Output w.d.a (YoY) registered at 1.4% above expectations (-0.6%) in November

Italy Industrial Output s.a. (MoM) above forecasts (0.5%) in November: Actual (1.5%)

India Trade Deficit Government rose from previous $24.53B to $25.04B in December

Germany Real GDP Growth rose from previous -0.2% to 0.1%

The Bank of Korea kept rates unchanged at 2.50% for a fifth straight meeting, with Governor Rhee highlighting currency stability as a key constraint on easing.

Turkey Budget Balance up to 528.14B in December from previous 169.49B

Turkey Budget Balance: -528.1B (December) vs previous 169.49B

Spain Consumer Price Index (YoY): 2.9% (December)

Spain Consumer Price Index (MoM) remains at 0.3% in December

Spain Harmonized Index of Consumer Prices (MoM) in line with forecasts (0.3%) in December

Spain Harmonized Index of Consumer Prices (YoY) meets forecasts (3%) in December

France Inflation ex-tobacco (MoM) rose from previous -0.2% to 0.1% in December

China M2 Money Supply (YoY) above forecasts (8%) in December: Actual (8.5%)

China New Loans came in at 910B, above expectations (800B) in December

United Kingdom Total Trade Balance declined to £-6.116B in November from previous £-4.824B