• US jobless slaims rise sharply to 626,000; highest rate since 1982
• US non-farm labor productivity rose 3.2% in Q4
• US factory orders fall 3.9% in December, November revised lower
• Trichet leaves door wide open to March rate cut; Economic risks to the downside
• BOE cuts rates 50 bp to 1%
• Fed’s Bullard expects rates to stay near zero for foreseeable future
• S&P 500 closes up 1.64%, 10-yr note at 2.92%, gold at $915, CRB index up 1.8%
• EUR/JPY gives back profits at close, ends at 116.50 from 118.90 highs