Quick Overview

• The NY Fed index rose to 11.9 from a revised 9.9 in December.

• The National Association of Home Builders index flat at 16 for the third straight month.

• Sales at Japanese department stores dropped 1.5% YoY.

• Philippines extends zero tariff on wheat for 6 months.

• China's electricity consumption maintained its steady growth last year, up 14.56 % YoY.
  
  
• China’s 2010 cotton imports rose 86% YoY
  

  
  
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  (FT)The US Securities and Exchange Commission is facing a budget squeeze from the Republican-controlled House of Representatives.