Eurozone business activity continues to grow.

Eurozone composite PMI rose to 52.1 in December from 51.7 in November even as the services print slipped to 51 from 51.2. "December saw the second-largest increase in business activity since June 2011 and rounded off the best quarter for two-and-a-half years," says Markit. Spanish composite PMI hit a 6 1/2 year high and Ireland enjoyed strong growth, although France suffered recession-type contraction. The euro was +0.2% at $1.3617 at the time of writing.