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Week Ahead – Eurozone GDP and Yellen testimony to be main market drivers
It will be a relatively quiet week for the economic calendar in the next 7 days as many Asian markets will be closed for the Lunar New Year, including China. The Eurozone will see a number of key data releases that will include the first GDP readings for the fourth quarter of 2015. In the US, attention is likely to focus on Janet Yellen’s semi-annual testimony to Congress. German industrial production data will start the week on Monday, which will precede the Euro wide figures out on Friday. German industrial production has been struggling since August of last year as the emerging markets slowdown hits exports. ... (full story)