Initial Guidance | 2 February 2015

● China Mfg PMI: Operating conditions deteriorate fractionally in Jan | Markit
● Germany Mfg PMI: Output,new orders rise at slightly stronger rates | Markit
● Eurozone Mfg PMI: Output ticks higher at start of 2015 | Markit
● Oil prices fall on weak Chinese data, U.S. refinery strikes | Reuters
● MNI Survey: Japan Q4 GDP +3.7% Annualized, 1st Rise in 3 Qtrs | MNI
● US Demographics and GDP: 2% is the new 4% | Calculated Risk