European Market Update: UK Q4 GDP contracts; German IFO survey mixed; All eyes now on FOMC statement and forecasts

***Economic Data*** - (EU) ECB: #8364;3.6B borrowed in overnight loan facility v #8364;3.4B prior; #8364;485.8B parked in deposit facility vs. #8364;490.5B prior - (FI) Finland Dec Preliminary Retail Sales Volume Y/Y: 1.8% v 2.5%e - (TH) ......

European Market Update: Risk appetite finds footing aided by China GDP data and German ZEW survey

European shares recovered their losses taking cue from Asian trading even after China's data showed economic slowing. As expected, SP downgraded EFSF rating to AA+, an action which did not move markets. However, German ZEW data was the highest ......