- Chicago PMI declined to 60.2 in Jan vs 63 exp and 62.2 prev
- Consumer Confidence declined to 61.1 in Jan vs 68 exp and 64.5 prev
- ISM’s annual revisions had the Dec ISM print down to 53.1 from 53.9, and the Nov print to 52.5 from 52.7
- EU Banks are expected to double or triple their participation in the Feb LTRO – FT
- Japan’s finance minister issued a fresh warning Tuesday that he will take "decisive steps" if speculators push the yen up too sharply
- Chinese money-market rates plunged by the most since Jul after Beijing added the most cash to the financial system in ~4 yrs. The PBOC injected ~$75B into the financial system.
- EU Unemployment increased to 10.4% in Dec as exp vs 10.3% prev
- Italian Unemployment increased to 8.9% in Dec vs 8.7% exp and 8.6% prev
- German unemployment declined to 6.7% in Jan vs 6.8% exp and prev
Japanese Jobless Rate increased to 4.6% in Dec vs 4.5% exp and prev
AU NAB Business Confidence improved to 3 from 2 in Dec
Despite the weaker than expected Chicago PMI today, the strong prints in other regional manufacturing indices earlier this month suggests that we could see a 56 handle ISM print tomorrow, vs the 54.5 expected.