12 January 2001, 09:43  SUMMARY : fundamentals for EUR/USD

For EUR/USD + new - German 2000 real GDP 3.1% yoy vs 1.6% in 1999
+ new - Germany core 2000 CPI 1.9%
+ German Dec. adj. Jobless falls to 28K to 9.2%
+ Lindsey - sectors of the economy in 'deep trouble'
+ German Nov. IP +0.4% mom, unadj 4.9% yoy
+ Bush warns of US sliding into economic 'tail-spin"
+ France consumer confidence rises to record high
+ BOF Trichet bullish on euro econ
+ NAPM Dec non-manufacturing survey fells to 53 from 58.5
+ US NAPM worst since 1991
- new - German stats office - euro surge risk to growth
- new - US wholesale sales weak in November, inventories rise 0.4%
­ new - US to grow between 2% to 3% in 2001 - Boston Fed
- German TB narrows in November, CA deficit balloons to DM6.2bn room to decline'
­ E-12 Oct retail rate +1% yoy, down -0.2% mom
- Fed cuts 50 bps - warns more to come
- Duisenberg worries over inflation
- Europe PMI Service index falls in Dec.
- Italy service sector growth hits 16 month low
- Bush to push for tax cuts

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