*Stocks in Asia were generally higher on the session, but the Nikkei was an exception, it fell 1.1%. But Australia was up a third of a percent, Shanghai rose about the same and the Hang Seng added a fraction. European indexes are lower on the day, with the Dax down one and a quarter percent and the Footsie is off by a quarter percent. US stock futures are a fraction lower.*According to HSBC, the December reading of China’s Manufacturing Sector Purchasing Managers Index fell one point to 54.4.
*The weekly report on Initial Jobless Claims is due out at 7:30am CST, it is expected to be 415k. The December reading of the Chicago Purchasing Managers Index is due out at 8:45am CST, but three minutes earlier for the subscribers; it is forecast to be 61.0, down a bit from the November result of 62.5. The November reading of Pending Home Sales is due out at 9:00am CST and is expected to be +0.8% on a month on month basis.
*The weekly report on inventories of Natural Gas is due out at 9:30am CST, it is expected to show a decline of 143 bcf. The rest of the energy inventory data is due out at 10:00am CST. Stocks of Crude Oil are forecast to fall 2.85 million barrels, Gasoline inventories are expected to rise 1.5 million and the estimate for Distillates is -625k.
*The Kansas City Fed Manufacturing Index is due out at 10:00am CST; no estimate on the report.
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