Quick Overview

• US Non-farm payroll fell 85K in December –more than expected
  

• U.S. Unemployment stays at 10%
  

• U.S. wholesale sales rose 3.3% in November -- stronger than expected.
  

• Canada’s unemployment rate unchanged at 8.5%
  

• EU unemployment up from 9.8% to 10.0%, the highest since the currency began in 1999.

• EU GDP rose 0.3% in Q3, but fell 4.3% YoY
  

• The Independent is carrying the headline “Ice Land” as Europe, China and the US braced for more snow and below-freezing overnight temperatures, tightening supplies of coal and electricity
  

• Weather.com says temperatures in central Florida will be below freezing one more time tomorrow morning.
• WXRISK.COM says: If the wind drops off overnight on the morning of the 11th is going to be a serious hard freeze across a large portion of central and southern Florida over interior sections. If the winds stay up a little bit overnight the hard freeze will be probably more like a frost.

• The Port of New Orleans bucked the worst economic slowdown in 70 years because its business of providing warehouse space for the London Metal Exchange (LME) expanded rapidly over the last two years, Reuters reported.

• Swiss court ruled that a Swiss financial regulatory order that forced UBS AG hand over account data on several hundred clients was "unlawful," opening up the possibility of clients seeking damages from Switzerland and reigniting the debate surrounding banking secrecy.