Quick Overview

• The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity for the week ended February 3 decreased 1.2 percent to 619.3 from the previous week's 626.8.
  

• Leading indicators for Japan increased 0.5% in December to 101.1.
  

• Manufacturing production in the U.K. increased 0.3% in December, slightly more than expected.
  

• Mexico City authorities are likely to close a Sheraton hotel in the capital that threw out Cuban officials on orders of Washington, a move that angered Mexicans who say the country's sovereignty was abused.
  

• The Brazilian government estimated the 2006-2007 coffee crop at 42.0 million (60-kg) bags
  

• The U.S. DoE said that:
  Supplies of crude oil Crude oil were down 300,000 barrels last week to 320.7 million barrels.
  Supplies of unleaded gasoline were up 4.3 million barrels.
  Supplies of heating oil were down 1.6 million barrels.