• Manufacturing data released around the globe is giving hope for economic stability. Euro area January PMI rose to 48.8 from 46.9 in December. Chinese PMI increased slightly in January to 50.5 from 50.3 in December. India’s PMI release indicates manufacturing grew at the fastest rate in 8 months. The data gives hope to a soft landing in China, and hope for some economic stability world wide. U.S. PMI data is to be released later this morning. From Bloomberg News.
• Mitt Romney rebounded with a win in Florida. The Republican candidate put a poor showing in South Carolina behind him and moves to the forefront in what is shaping up as a two-man primary race with Newt Gingrich. From Reuters News.
• Bondholders in Greece may be getting a GDP-based sweetener in the swap agreement still being negotiated. Warrants based on a rebound in Greek GDP might make the haircut on the bonds more palatable with a slightly higher present value on the new paper. Financing creativity will hopefully, move negotiations along. From Bloomberg News.