Quick Overview

• The EIA said: Supplies of crude oil fell 2.6 million barrels for the week ended Jan. 14. Analyst’s s had expected a decline of 2.2 million barrels.
• Supplies of gasoline rose 4.4 million barrels
• Supplies of distillates rose 1 million barrels.

• U.S. economic indicators rose 1% in December

• U.S sales of existing homes rose 12.3%

• The Philadelphia Federal Reserve's index of regional factory activity fell to 19.3 in January from 20.8 last month.

• U.S. unemployment claims retreated to 404,000 from 441,000 in the prior week.

• China's CPI rose 4.6 % YoY in December, slightly lower than the 28-month high of 5.1% in November.

• Brazil raised its key interest rate to 11.25% in a bid to cool inflation.

• The Buenos Aires Cereals Exchange cut its estimate  for Argentina's commercial corn production to 19.5 million metric tons, down 850,000 tons from last week's estimate.

• Sales of 1-ounce American Eagle silver coins have totaled 4,588,000 in January, heading for a record, according to data from the U.S. Mint. (too popular??)
  
  
• China's announces $1.8 billion Soybean purchase.
• (FT) General Electric expects “solid double-digit” sales growth in China this year and “for a long period of time”, although revenues there have fallen short of expectations, chief executive Jeff Immelt has said.