"For Metrics are coming,
"Metrics are coming,
"And they've been announced Over There."
Let's start with Italy, shall we? Industrial Production figures were released about 7 AM EST for that first among PIIGS nations, and results are actually not terrible. They recorded a 1.1% increase in production for November (up 120 bps from October, and beating expectations by 0.5%). Now if they can just get the trains running on time.
Moving on, Great Britain reported their merchandise trade figures around 4:30 AM EST, showing a trade deficit of £8.74 billion in November (expanding by £150 million from October and missing expectations by £340 million).
Finally, the European Union reported Industrial Production figures for the EU as a whole. November wrapped up with a 1.2% increase, unchanged from October but beating expectations by 70 bps.