- Banks deposited 243.5bn euros overnight at ECB
- DIW says German economy to grow 0.9 per cent this year

FTSE 100: 0.31%
Dax-30: 0.16%
Cac-40: 0.15%
FTSE Mibtel 30: 1.08%
Ibex 35: 0.64%
Stoxx 600: 0.24%

European equities are now trading slightly higher following the release of slightly better-than-expected sales figures out from US aluminium manufacturer Alcoa last night.

Investors also seem to be giving a positive reception to the company's forecasts for a slight improvement in demand next year, thanks to greater demand from China.

Ahead of the next World Economic Forum (WEF), from the January 22nd to 27th, the grouping has warned of the lack of action being taken to address three inter-related risks: severe income disparities, the indebted state of governments and rising greenhouse gas emissions, which risks a "perfect storm."

From a sector stand-point the best performance now on the DJ Stoxx 600 is to be seen in the following sectors: Telecommunications (1.54%), banks (1.3%) and Technology (0.63%).

Economic data on tap for later in the morning

German industrial production data for the month of December will be released at 11:00.

Italy's deficit-to-GDP ratio decreased to 3.7% in the third quarter, after a reading of 4.7% in the previous one (Preliminary: 5%).

Other asset classes little changed
The euro/dollar is now down by 0.04% to the 1.3076 dollar mark.

Front month Brent crude futures are now falling by 0.134 dollars to the 111.79 dollar level on the ICE.



AB

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