Economic calendar: Italian industrial production and JOLTS report in focus

•    Italian industrial production

•    US JOLTS Job Openings

Economic calendar is quite light with Italian industrial production and US JOLTS Job Openings being the only noteworthy readings scheduled for release today. Following a disappointing NFP report from last week, today's JOLTS report may cause some market volatility. German Trade Balance report has already been released at 7:00 am GMT. German trade surplus was little changed at €14.8 billion in December from €15.1 billion a year earlier. Exports jumped 2.7 % to €100.7 billion, mainly boosted by sales to China and to the US which was the 1st increase in German exports to the US since February. Imports increased at a faster 3.5 % to €85.9 billion.

Due to lack of any material stats, further comments from the U.S government regarding the stimulus package and Draghi’s progress in Italy will also need monitoring.

9:00 am GMT – Italian Industrial Production m/m.  Expected: 2.1%. Previous: -1.4%

3:00 pm GMT – US JOLTS Job Openings. Expected: 6.42 milion. Previous: 6.53 million