Destatis releases German industrial output and foreign trade figures in the pre-European session on Tuesday at 2:00 am ET. Economists forecast production to climb 0.5 percent on a monthly basis in December reversing a 0.3 percent fall in November.

Ahead of these data, the euro held steady against its major rivals.

As of 1:55 am ET, the euro was trading at 0.7773 against the pound, 1.1033 against the Swiss franc, 1.1202 against the U.S. dollar and 128.65 against the yen.

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