German exports edge up.

Germany's trade surplus slipped to a seasonably adjusted €15.7B in January from €16.9B in December and vs consensus of €15.8B. Exports rose 1.4% on month and imports 3.3%. "Very hesitantly, hard data is reflecting the strong rebound in sentiment surveys," says Berenberg Bank economist Christian Schulz. "The economy is rebounding from the sharp contraction, but the extent of the rebound remains subject to some uncertainty."