Good morning,

Markets are called to open higher this morning. Growth in Germany and France, Europe’s two largest economies, beat economists’ estimates in the fourth quarter in a sign the fragile euro-area recovery is gaining traction.

Stock to watch: ThyssenKrupp Reports Quarterly Profit That Exceeds Estimates

ThyssenKrupp AG, Germany’s largest steelmaker, reported earnings that beat analysts’ estimates as revenue from non-steel businesses increased and losses from its

Steel Americas unit narrowed.

Adjusted earnings from continuing operations before interest and taxes more than doubled to 247 million euros ($338 million) in the fiscal first quarter ended in December, exceeding the 218.7 million-euro average of 10 estimates compiled by Bloomberg. The net loss for the quarter widened to 69 million euros from 16 million a year earlier, the Essen-based company said in a statement today.


• Danske Price Fixing Probe Fuels Political Call for Tougher Rules

• JPMorgan Shuffles German Team as Altenburg Joins Deutsche Bank

• Croatia Rating Outlook Revised to Negative at Fitch

• Credit Suisse Sells Its Largest Structured Note in Four Years

• BNP Paribas Being Probed by New York Investigators: WSJ

• Lar Espana Real Estate Socimi Plans Spain’s First IPO Since 2011

• Deutsche Telekom Seeks to Dominate East European Markets by 2018

• Unipetrol Rebuffs Investor Dividend Demands as Losses Persist

• GDF Says Long-Term Gas Deals Must Be More Flexible to Survive

• J. Martins Isn’t Losing Mkt Share in Poland, Remains Leader: CEO

• U.K. Home Prices Hit Record High Amid London Boom: Acadata

• U.K. Government Owed 22 Billion Pounds in Unpaid Debts: NAO

• Gatwick, Heathrow Must Be More Accountable for Disruptions: CAA


• Anglo American (AAL LN) 8am Preview

• ThyssenKrupp (TKA GR) 7:30am, 1Q

• Coca-Cola HBC (CCH LN) 8am

• Eutelsat (ETL FP) 7am, 1H

• GN Store Nord (GN DC) 8am

• Investment AB (KINVB SS) 8am

• Pennon Group (PNN LN) 8am, 3Q sales/IMS

• Schindler Holding (SCHP VX) 6:30am

• Severn Trent (SVT LN) 8am, 3Q sales/IMS

Good day and happy trading!

Kristian Camenzuli