Funda news and Fed speak recapped from overnight sessions - ANZ

Analysts at ANZ recapped some of the funda news from overnight sessions.

Key Quotes:

"December industrial production eased as expected, falling 0.6% m/m after November’s 3.1% m/m surge. It still highlights decent economic momentum. In addition, Merkel announced the formation of a coalition stating “I think the coalition agreement that we’ve assembled can be exactly this: the basis of a good and stable government that our country needs and that many in the world expect from us.”

Fed speak: 

Dudley said that the bump in the stock market has no consequences for the economic outlook and it “wasn’t that big of a bump”. Evans (non-voter & dissented last meeting) remained dovish stating that “With the data I see today, my policy strategy would be to keep policy on hold until mid-year or so in order to assess the incoming inflation data."