European stocks were little changed, after a two-week rally pushed the Stoxx Europe 600 Index to a six-year high, as a decline in bank shares offset a rally in luxury-goods companies. China’s economic growth slowed in the fourth quarter as gains in factory output and investment spending eased last month, data showed today. Gross domestic product rose 7.7 percent from a year earlier, compared with 7.8 percent in the third quarter. Industrial production increased 9.7 percent in December from a year earlier, slower than the 9.8 percent median forecast of analysts and a 10 percent jump in November.

National benchmark gauges fell in 11 of the 18 western European markets. The U.K.’s FTSE 100 added less than 0.1 percent. Germany’s DAX slid 0.4 percent. France’s CAC 40 lost 0.2 percent.

Deutsche Bank fell 5.5 percent to 37.19 euros. The lender posted a pretax loss of 1.15 billion euros in the fourth quarter because of 528 million euros in litigation-related expenses, costs tied to its reorganization and charges to adjust credit, debt and funding valuations. Analysts in a Bloomberg survey had called for a 628.5 million-euro pretax profit. The bank announced results 10 days ahead of schedule.

Banks, insurance companies and financial-services providers posted the biggest losses among the 19 industry groups in the Stoxx 600. Commerzbank AG declined 4.5 percent to 12.93 euros, while Credit Suisse Group AG retreated 2.5 percent to 29 Swiss francs. ICAP Plc, the inter-dealer broker, slid 4.5 percent to 432 pence.

Peugeot dropped 11 percent to 10.23 euros. The board approved a capital-increase plan that includes China’s Dongfeng Motor Corp. and the French state each investing at least 750 million euros, according to a person familiar with the matter. The automaker would also make a rights offering of about 1.4 billion euros.

Lanxess AG retreated 3.1 percent to 48.21 euros. Nomura Holdings Inc cut its rating on the specialty-chemicals maker to reduce from neutral. The brokerage cited Lanxess’s pricing power as the main risk.

Air France-KLM Group declined 4.7 percent to 8.86 euros. UBS AG downgraded Europe’s biggest airline to neutral from buy, citing the recent rally in the shares. Air France rallied 23 percent (AF) from the start of the year through Jan. 17.

Luxottica climbed 4 percent to 38.89 euros after Deutsche Bank raised its rating on the company to buy from hold. Hermes International SCA rose 1.2 percent to 247 euros after the brokerage upgraded the company to hold from sell.

Anheuser-Busch InBev NV gained 1.2 percent to 76.09 euros. The world’s biggest brewer agreed to pay $5.8 billion to buy back Oriental Brewery Co. Ltd. from KKR & Co. and Affinity Equity Partners Ltd. The deal has an enterprise value of $5.8 billion, according to a statement. AB InBev will pay for the acquisition from internal resources.

West Texas Intermediate slid from the highest closing price in two weeks amid slowing economic growth and weaker industrial output in China, the world’s second-biggest oil consumer.

Futures lost as much as 0.9 percent in New York. Factory production rose by 9.7 percent in December, the slowest expansion in five months, according to China’s National Bureau of Statistics. Iran’s Atomic Energy Organization chief welcomed the start of the implementation of an interim nuclear deal with world powers that will see the Gulf state curb its atomic program in exchange for sanctions relief.

WTI for February delivery fell as much as 81 cents to $93.56 a barrel in electronic trading on the New York Mercantile Exchange and was at $93.90 as of 9:42 a.m. local time. The contract, which expires tomorrow, climbed 41 cents to $94.37 on Jan. 17, the highest close since Jan. 2. The more-active March future was down 41 cents at $94.18. Floor trading is closed for a U.S. holiday and transactions will be booked with tomorrow’s trades.

Brent for March settlement dropped as much as 38 cents to $106.10 a barrel on the London-based ICE Futures Europe exchange. The volume of all contracts traded was about 40 percent below the 100-day average. The European benchmark crude was at a $12.25 premium to WTI for the same month.

Gold peaked at nearly six weeks amid signs of increasing demand , as the volume of positions in the largest gold exchange-traded funds has grown most rapidly since 2011.

On the backdrop of uneven U.S. economic recovery precious metals market is experiencing the longest rally since September.

The volume of assets in the largest gold exchange-traded fund SPDR Gold Trust rose 0.9 % as of January 17 , and it's the strongest gain since November 2011 . Index increased by 7.5 metric tons to 797.05 tons.

In the past year the price of gold fell biggest rate since 1981 , but now prices are rising because of the signs of strong physical demand .

Over the last four weeks gold has risen in price by 4.2 % after a 28 % decline in the past year due to growing optimism about the global economy .

Analysts say that gold has support growth in physical demand in China on the eve of the New Year according to the lunar calendar , when the great demand gold ornaments.

Premiums for gold 99.99 fine in China fell to $ 14 per ounce to $ 17 on Friday . In the past year, China has overtaken India consumption of gold, making it the largest consumer in the world. According to the National Statistical Bureau of China, jewelry sales in December rose 17 percent to 26.8 billion yuan ( $ 4.43 billion) , and in 2013 - by 26 percent to 295.9 billion yuan ( $ 48.91 billion) .

Cost February gold futures on the COMEX today rose to $ 1262.00 per ounce.

USD/JPY Y103.30, Y103.50, Y103.80, Y105.20, Y106.50

EUR/USD $1.3430, $1.3500, $1.3590, $1.3600, $1.3620, $1.3650, $1.3660, $1.3670, $1.3700

GBP/USD $1.6290, $1.6340, $1.6360, $1.6465

USD/CHF Chf0.9060, Chf0.9125

EUR/CHF Chf1.2360

07:00 Germany Producer Price Index (MoM) December -0.1% +0.2% +0.1%

07:00 Germany Producer Price Index (YoY) December -0.8% -0.6% -0.5%

Moderate growth rate of the euro against the U.S. dollar on the background data on producer prices in Germany. Recent data from the Statistical Office Destatis showed that producer prices in Germany fell again last month, while fixing the fifth consecutive monthly decline .

According to the report , producer prices fell in December by 0.5 percent compared to the same period last year. Recall also that in the month of November , prices have fallen more significantly , namely by 0.8 percent . Also, add that, according to the average forecast of experts for this indicator was down by 0.6 per cent per annum. The cost of energy and intermediate goods decreased by 1.8 percent and 1.1 percent , respectively. Meanwhile , consumer prices rose by 1.5 percent , while prices for durable goods rose 1.1 percent . Capital goods prices rose 0.7 percent .

In Statistical Bureau also reported that in a monthly basis, producer prices rose in December by 0.1 percent , fully offsetting a decline of 0.1 percent, which was recorded in the month of November.

In addition, the data showed that in 2013, the producer price index for industrial products fell slightly - by 0.1 per cent per annum. Recall that the results of 2012 , the index rose by 1.6 percent.

The yen rose against most major currencies following the collapse of the Asian stock markets on data about the weakening economic growth in China , increasing its attractiveness as a safe-haven currency . China's GDP grew by 7.7 % compared with a year earlier and 1.8% compared with the previous quarter , said today the National Bureau of Statistics in Beijing. "The pace of growth is clearly weaker " - said Dariusz Kowalczyk , senior economist and strategist at Credit Agricole CIB in Hong Kong. Growth was the same as in 2012 . According to a survey conducted last month , this year the economy will grow by 7.4% , ie, the slowest pace since 1990.

Today, U.S. markets will be closed due to holiday in memory of the leader of the civil rights movement of Martin Luther King .

EUR / USD: during the European session, the pair rose to $ 1.3566

GBP / USD: during the European session, the pair rose to $ 1.6452 and retreated

USD / JPY: during the European session, the pair rose to Y104.26 and stepped

At 21:45 GMT New Zealand will release the consumer price index for the 4th quarter .

EUR/USD

Offers $1.3650, $1.3620/25, $1.3600, $1.3564-68

Bids $1.3505/00, $1.3480, $1.3460/50, $1.3436

GBP/USD

Offers $1.6520, $1.6508-18, $1.6500, $1.6465-70, $1.6452

Bids $1.6396, $1.6385/80, $1.6370, $1.6320, $1.6309

AUD/USD

Offers $0.8940/50, $0.8900, $0.8860/70, $0.8850, $0.8825/30

Bids $0.8780/75, $0.8750, $0.8720, $0.8700, $0.8685/80

EUR/JPY

Offers Y142.40/50, Y141.95/00, Y141.88, Y141.45/50, Y141.38

Bids Y140.80/60, Y140.35/33, Y140.20, Y140.00, Y139.50

USD/JPY

Offers Y105.25/30, Y105.15, Y105.00, Y104.80, Y104.48/55

Bids Y103.85/80, Y103.50, Y103.20, Y103.00

EUR/GBP

Offers stg0.8370/80, stg0.8340-50, stg0.8320, stg0.8300, stg0.8250

Bids stg0.82335, stg0.8230, stg0.8220, stg0.8205/00, stg0.8160

European stocks were little changed after a two-week rally pushed the Stoxx Europe 600 Index to a six-year high. U.S. equity-index futures were also little changed, while Asian shares dropped.

The Stoxx 600 fell less than 0.1 percent to 335.71 at 9:16 a.m. in London. The benchmark jumped 1.8 percent last week, extending its gain since the start of the year to 2.3 percent, as mining companies rallied and the World Bank raised its global-growth forecasts.

Asian equities dropped, snapping three days of gains, after China reported slowing economic growth in the fourth quarter. Gross domestic product in the world’s second-biggest economy grew 7.7 percent from a year earlier, slowing from 7.8 percent a year ago. That still exceeded economists’ estimate for a 7.6 percent expansion.

Deutsche Bank fell 4.3 percent to 37.64 euros. The lender posted a pretax loss of 1.15 billion euros ($1.56 billion) in the fourth quarter because of 528 million euros in litigation-related expenses, as well as costs tied to its reorganization and charges to adjust credit, debt and funding valuations. Analysts had called for a 628.5 million-euro pretax profit.

Peugeot lost 5.5 percent to 10.85 euros. The company was said to have obtained board approval for a capital increase of 3 billion euros ($4.1 billion). China’s Dongfeng Motor Group Co. would invest at least 750 million euros and Peugeot would seek to raise 1.4 billion euros through a rights offering. The French state would also invest 750 million euros.

Lanxess AG fell 3 percent to 48.27 euros. Nomura Holdings Inc cut its rating on the specialty-chemicals maker to reduce from neutral. The brokerage citing Lanxess’s pricing power as the main risk.

Air France-KLM (AF) dropped 3.8 percent to 8.95 euros. UBS AG downgraded Europe’s biggest airline to neutral from buy, citing the recent rally in the shares. Air France rallied 23 percent since the start of the year through Jan. 17.

FTSE 100 6,832.48 +3.18 +0.05%

CAC 40 4,327.07 -0.43 -0.01%

DAX 9,726.56 -16.40 -0.17%

USD/JPY Y103.30, Y103.50, Y103.80, Y105.20, Y106.50

EUR/USD $1.3430, $1.3500, $1.3590, $1.3600, $1.3620, $1.3650, $1.3660, $1.3670, $1.3700

GBP/USD $1.6290, $1.6340, $1.6360, $1.6465

USD/CHF Chf0.9060, Chf0.9125

EUR/CHF Chf1.2360

Asian stocks fell after China’s economic growth slowed in the fourth quarter as gains in factory output and investment spending eased.

Nikkei 225 15,641.68 -92.78 -0.59%

S&P/ASX 200 5,295.05 -10.82 -0.20%

Shanghai Composite 1,991.25 -13.70 -0.68%

Industrial & Commercial Bank of China Ltd., the nation’s biggest lender by market value, dropped 1.4 percent in Hong Kong.

Nintendo Co. sank 6.2 percent in Tokyo, the second-biggest decline on the regional benchmark index, after the maker of Wii video-game consoles forecast a surprise full-year loss.

Ssangyong Motor Co. rose 1.4 percent after controlling shareholder Mahindra & Mahindra Ltd. announced plans to invest 1 trillion won ($939 million) in the South Korean carmaker.

02:00 China Retail Sales y/y December +13.7% +13.6% +13.6%

02:00 China Industrial Production y/y December +10.0% +9.8% +9.7%

02:00 China Fixed Asset Investment December +19.9% +19.9% +19.6%

02:00 China NBS Press Conference

02:00 China GDP y/y Quarter IV +7.8% +7.6% +7.7%

04:30 Japan Industrial Production (MoM) (Finally) November +0.1% +0.1% -0.1%

04:30 Japan Industrial Production (YoY) (Finally) November +5.0% +5.0% +4.8%

The dollar touched its strongest since November versus the euro amid speculation the Federal Reserve will continue reducing stimulus as the U.S. economy improves.

The Bloomberg Dollar Spot Index held a four-month high after a Citigroup Inc. gauge showed last week that economic data were surpassing expectations by the most in almost two years.

The yen rose against all its major peers as a decline in Asian stocks boosted its allure as a haven.

The Australian dollar rallied from its lowest in more than three years after China’s economic growth beat economists’ forecasts. Gross domestic product in China, the world’s second-largest economy and Australia’s biggest trading partner, slowed to 7.7 percent in the fourth quarter from a year earlier. Economists polled by Bloomberg predicted 7.6 percent growth.

New Zealand’s dollar fell after an earthquake struck the North Island.

U.S. markets will be closed today for a holiday commemorating civil rights leader Martin Luther King Jr.

EUR / USD: during the Asian session, the pair traded in the range of $ 1.3505-40

GBP / USD: during the Asian session, the pair traded in the range of $ 1.6395-25

USD / JPY: on Asian session the pair fell to Y103.85

There is a very quiet calendar Monday, with limited European data and the US markets closed for the national Martin Luther King holiday. Monday's calendar kicks off at 0700GMT, with the release of German December PPI data set to be published. Analysts are looking for a reading of "flat" on month, and down 0.6% on year - a pick-up from the -0.8% in November. Spanish data set for release at 0800GMT includes the release of the November industrial orders and services survey. At 0900GMT, Italian November industrial sales and orders data will be published. Orders are seen flat on month, up 1.5% on year. French President Hollande as set to put his domestic woes to the side for a few hours,as he visits The Netherlands. In the afternoon, Belgian consumer confidence datawill be released at 1400GMT.

02:00 China Retail Sales y/y December +13.7% +13.6% +13.6%

02:00 China Industrial Production y/y December +10.0% +9.8% +9.7%

02:00 China Fixed Asset Investment December +19.9% +19.9% +19.6%

02:00 China NBS Press Conference

02:00 China GDP y/y Quarter IV +7.8% +7.6% +7.7%

04:30 Japan Industrial Production (MoM) (Finally) November +0.1% +0.1% -0.1%

04:30 Japan Industrial Production (YoY) (Finally) November +5.0% +5.0% +4.8%

07:00 Germany Producer Price Index (MoM) December -0.1% +0.2%

07:00 Germany Producer Price Index (YoY) December -0.8% -0.6%

11:00 Germany Bundesbank Monthly Report January

13:30 U.S. Bank holiday

21:45 New Zealand CPI, q/q Quarter IV +0.9% 0.0%

21:45 New Zealand CPI, y/y Quarter IV +1.4% +1.5%

22:45 New Zealand REINZ Housing Price Index, m/m December +1.2%