*Stocks in Asia were generally bid overnight. The Nikkei and Shanghai both gained more than 1.5% and the Hang Seng was up one percent, but Australia was down a slight fraction. European indexes are also higher on the session; the Dax is up almost a half percent and the Footsie is making up for yesterday as well with a gain of about two and a half percent. US stock futures are about a third of a percent .*The December reading of Germany’s Unemployment Rate is steady at 7.5% as was forecast. However the net change in November in the number of unemployed is +3k, this had been expected to fall 15k.
*The December reading of the UK’s manufacturing sector PMI was up almost one point to 58.3, a decline of about that much was the expectation.
*In November in the UK there were 48.0k mortgage approvals, according to the Bank of England, up fraction rather than down as was forecast.
*The weekly report on chain store sales from ICSC showed an increase of 0.4% on a week on week basis for the week ended January 1, and up 3.6% versus the same week from a year ago. The Johnson Redbook report on the same thing is due out at 7:55am CST.
*The November reading of Factory Orders is due out at 9:00am CST, it is expected to decline 0.1% on a month on month basis.
*The Fed is scheduled to buy TIPS today that are due to mature between 7/15/12 and 2/15/40; the results of the operation will be announced just after 10:00am CST.
*The automakers are scheduled to announce their December vehicle sale results today. The estimate for the annualized sales rate is 12.21 million units, down just slightly from the November total.
*The FOMC minutes from the December 14 meeting are due to be released at 1:00pm CST.
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