Schaeuble does not list the dangers but leaves them to our imagination. I’ll start with Greece for $500, Alex.

Also crossing the wire is an upwardly revised GDP forecast from German think-tank IWH. They’ve raised their outlook for Germany to +1.9% from an earlier 0.9% forecast back in September.

EUR/USD has pulled back from session highs ahead of the US data and trades now at 1.4555.