Salient to Investors:

Paul Ballew at Dun & Bradstreet said the bigger question is that after four years of aggressive monetary policy, whether or not anything else will really make a material difference on the direction of the recovery.

The ZEW Center for European Economic Research said its index of investor and analyst expectations rose to 6.9 from minus 15.7 in November, beating the minus 11.5 forecast in a Bloomberg survey of 38 economists. Jerome Forneris at Banque Martin Maurel said the German data is closely followed by investors as Germany is the locomotive of Europe.

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