Worst could be over for eurozone.

Eurozone composite output PMI rose to 47.2 in December from 46.5 in November, with the services index edging up to 47.8 from 46.7. Surveys across the region, such as in Germany, "provide some hope that the eurozone is showing signs of lifting out of its deep double-dip recession," says Markit, although the December improvements are "unlikely to prevent the eurozone economy from having contracted at a sharper rate" in Q4.