US stock futures are pointing at 1% lower. China government data showed that the country's huge export suffered two months in December, another sign of a slowdown. Stocks fell 0.7% in China and 1.4% in Hong Kong.

Adding to the poor showing in markets was a 1.7% month-over-month drop in eurozone industrial production in November. From Capital Economics:

The broad-based slump in industrial production in November underlines how serious the malaise is in Europe's industrial sector.

The report only heightens concern about German economic data due out tomorrow: The European powerhouse might have slipped into recession at the end of 2018.

The Dow is closed flat on Friday, ending its five-day winning streak. The S & P 500 was little changed and the Nasdaq closed 0.2% lower.

So ahead: Citigroup (C) is the first big American bank to report this earnings season. It's set to release earnings before the open.

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