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EMU: Construction Output declines 1.7% in December

Eurozone Construction Output s.a. fell for the fourth running month in December by 1.7%, following a 0.4% drop the previous month, according to data released by Eurostat.

On an annual basis Eurozone Construction Output w.d.a. slid 4.8% in December, after tumbling 4.7% in November.

EMU: ZEW Survey – Economic Sentiment climbs more than expected in February

Eurozone Survey – Economic Sentiment rose to 42.4 points in February, from 31.2 points the previous month, the Zentrum für Europäische Wirtschaftsforschung reported on Tuesday. Market consensus pointed to less increase to 35.5 points.
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Forex Flash: EUR/JPY with potential bull flag - Commerzbank

Commerzbank analysts see a potential bull flag in the chart, and while under pinned by trendline support at 120.91 an upside bias will remain. Below it, there is also the 2 month steeper trendline at 123.52. “Near term resistance lies at 125.98, a break above here would cast attention back to the key resistance at 127.71/93, the 6th February high and the April 2010 high”, wrote analyst Karen Jones, adding upside targets at 129.00 (Fibo) ahead of 136.71, the upside measured target from the falling wedge.
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