- The Feds Yellen on Sunday urged "pulling out all the stops" by implementing a big fiscal stimulus program to turn around a possible long period of economic stagnation in the United States.
- The purchasing managers index published by China’s Federation of Logistics and Purchasing rose to 41.2 in December from the record low of 38.8 in November.
- The U.S. ISM index of manufacturing fell from 36.2 to 32.4 in December, the lowest level since 1980.
- Russia has shut off natural gas to Ukraine, saying that the country owes it $600 million for previous sales.
- Manufacturing activity in the Euro area fell from 35.6 to 33.9 in December,
- Bloomberg reported that world’s largest iron ore consumer China may ask global iron ore majors to accept an 82% price cut for iron.
- According to SSY’s Australian Coal Port Congestion Index, average delays are now 9.93 days, the highest since June 2008. Congestion at Australia’s coal ports has contributed to the recent upward movement in freight rates.
- Japan’s factory output fell 8.1% in November -- the fastest pace in 55 years.
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