See special commentary on Australia-China trade. Small business sentiment deteriorates in the US. The UK economy manages a slight expansion in Q4. Industrial production disappoints in Germany, France, and Italy. Lower bonuses a drag on Japanese wages in December. NAB survey points to ongoing recovery in Australia.
Another good week for global equities. Italy's 10-year bond yield touched an all-time low. The Aussie and the pound get a bid, the dollar does not. Another big gain for oil, gold is steady.