Quick Overview

• Europe's institutions are scrambling to prevent financial contagion from Ukraine and potentially setting off a full-blown banking crisis in Austria.
  

• Daily Telegraph: Global fund managers are betting that a powerful rebound in China will revive demand for commodities and lead global industry out of slump.

• U.S. Leading indicators rose 0.4% in January, more than expected, and led by a jump in money supply.
  

• U.S. producer price index rose 0.8% MoM and fell 1.0% YoY
  

• U.S. jobless claims were unchanged at 627,000.
  

• The Philadelphia Federal Reserve's regional index of manufacturing fell from -24.3 to -41.3
  

• Japan kept rates unchanged at 0.10%
  

• Canada’s leading indicators fell 0.8%

• The U.S. DOE said:
  Supplies of crude oil fell 200,000 barrels to 350.6 million barrels.
  Supplies of gasoline rose 1.1 million barrels
  Supplies of heating oil fell 700,000 barrels
  Refinery use rose from 81.6% to 82.3% of capacity
  Gasoline demand rose 0.8 YoY
  Distillate demand rose 0.3% YoY