Quick Overview

• U.S. personal incomes fell 0.2% in December while spending fell 1.0%.
  

• U.S. construction fell 1.4% MoM and 5.1% YoY.
  
• The Institute of Supply Management's manufacturing index rose from 32.9 to 35.6
  

• USDA said that there were 94.49 million head of cattle in the U.S. on January 1st, down 1.6% YoY
  

• Manufacturing in the U.K. increased from 34.9 to 35.8 in January.
  

• South Korea’s exports fell by a record 32.8% in January.
  

• Chinese Premier Wen Jiabao said on Sunday he saw signs of recovery in the final days of 2008.
  

• China’s government announced that more than one in seven rural migrant workers have been laid off.