Orlando, FL 1/13/12 (StreetBeat) --Stock indexes were divergent in Asian trade. The Nikkei gained one and a third percent, the Hang Seng added a bit more than a half percent and Australia was up about one third of a percent, but Shanghai fell one and a third percent. European indexes are generally higher on the day this morning; with the Dax up a half percent and the Footsie better by a slight fraction. US stock futures are lower by a slight fraction as I write.*Italy sold the planned amount of mid-curve debt earlier today, and the yield was down from the previous sale of these maturities, but the demand fell short of that seen yesterday in Spain, disappointing some.
*Greek debt swap talks are said to be troubled. They parties concerned will go at it again next week, likely starting on Wednesday.
*The December reading of the UK Producer Prices was -0.2% month on month, lower than the expected gain of 0.1%.
*The November reading of the US Trade Balance is due out at 7:30am CST; it is expected to show a deficit of $45.0 billion. Also due out at 7:30am is the December reading of the Import Price Index, which is forecast to be -0.1% month on month. The preliminary reading of consumer sentiment from the University of Michigan is due out at 8:55am CST, it is expected to be 71.5, up from the final December mark of 69.9.
*The Fed is scheduled to buy Treasuries today that are due to mature between 2/15/20 and 11/15/21; the results of the operation will be announced just after 10:00am CST.
*There is a smattering of Fed speak on the calendar today, including: Governor Duke, who will speak on regulation at 10:00am CST; Richmond Fed boss Lacker will talk about the economy at 11:45am CST; Chicago Fed’s Evans who will speak about the economic outlook at noon; and St. Louis Fed’s Bullard, who will discuss monetary policy at 12:15pm CST.
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