• Empire State manufacturing index rises to 13.5 in Jan from 8.2 in Dec
• German GDP forecast to be lowered to 0.7% for 2012 tomorrow: Bild
• Bank of Canada holds rates steady at 1%; European crisis to create a drag
• Swiss FinMin: EUR/CHF should be 1.35/1.40
• S&P to resolve European bank ratings within 4 weeks after downgrades
• Spain’s Rajoy announces Spanish autonomous regions to receive government bailout
• Italy expects GDP fall of 1.5% in 2012 if spreads stay where they are
• IIF to resume debt talks in Athens tomorrow
• BOE’s Posen: Today’s fall in UK inflation shows policy working
• FTD: ECB contemplating quantitative ease, buying bank bonds
• S&P 500 rises 0.4% to 1294, breaks 1300 intraday; Milan up 0.7%
• US 10-yr note falls 1.6 bp to 1.85%; Italy up 1 bp to 6.52%
• WTI rises $2 to 100.77; gold rises $8 to $1652