Orlando, FL 1/20/12 (StreetBeat) -- Stocks were broadly higher in Asian trade. The Nikkei gained one and a half percent, Shanghai added one percent, the Hang Seng rose 0.8% and Australia was up 0.6%. European indexes are mostly lower this morning, but the Dax and Footsie are essentially unchanged. US stock futures are down a slight fraction as I write.*In Q4 Australian Export Prices were down 1.5% from the previous quarter, a decline that was not as big as the estimate for a drop of 2.0%.
*According to HSBC the January reading of China’s manufacturing sector Purchasing Managers Index was up one tenth to 48.8.
*The December reading of Germany’s Producer Price Index is -0.4% on a month on month basis, well below the forecast for a rise of 0.1%.
*There is chatter that a deal on the Greek debt swap is getting closer, but nothing yet.
*The December reading of UK Retail Sales was +0.6% on the month, as expected.
*GE reports that its Q4 eps was 39 cents, one penny above the estimate. But Revenues were light at $37.97 billion, the estimate was $40.04 billion.
*The December reading of Existing Home Sales is due out at 9:00am CST; it is expected to be 4.65 million units at an annualized rate, or an increase of 5.2% from the month before.
*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/36 and 11/15/41; the results of the operation will be announced just after 10:00am CST.
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