Recap 2-01-13

Commentary:

None

Notable:

  • US payrolls were stable at 157k vs 165k exp and 155k prev. Unemployment increased to 7.9% vs 7.8% exp and prev. Participation rate was unchanged.
  • US ISM jumped to 53.1 in Jan vs 50.7 exp and prev
  • Italy Mfg PMI improved to 47.8 vs 47.4 exp and 46.7 prev
  • UK Mfg PMI declined to 50.8 vs 51 exp and 51.4 prev
  • EU Unemployment declined to 11.7% vs 11.9% exp and 11.8% prev
  • Manufacturing PMI in China declined to 50.4 for January, below estimates of 51.0 and down from 50.6 prior.
  • The HSBC flash PMI improved to 52.3, above estimates of 52.0 and up from 51.5 in December.

Upcoming Data:

  • Mon: China HSBC Services PMI, RBA
  • Tue: European Services PMI, US ISM Non-Manufacturing
  • Wed: Crude Oil Inventories, Australia Employment
  • Thu: Carney questioned by UK Parliament, BoE, ECB
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