Quick Overview

• (Reuters) President Barack Obama said on Friday he expected an $825 billion economic recovery plan to be approved by his target of mid-February.
  

• California's unemployment rate rose to 9.3 percent in December
  

• The USDA said that frozen pork in storage rose 20% YoY
  

• U.K. GDP fell 1.5% QoQ but rose 0.7% YoY
  U.K. retail sales rose 1.8% YoY
  

• Canada’s consumer prices rose 1.2% YoY
  

• Japan Nov All Industry Index fell -2.3% from -0.5%
  

• Australia 4Q Import Price rose 10.8% from 5%; Export Price rose 15.9% from 13.8%.
  

• A new measure to pay owners of old cars €2,500 to junk their wrecks and buy something new has proven popular in Germany.