US Payrolls Eve

$$ – Excellent use of the word “tenterhooks” in this article, as China’s PMI disappoints and US payrolls in the on-deck circle for Friday morning.

China's official purchasing managers' index (PMI) eased to 50.4 in January, the National Bureau of Statistics said on Friday, missing market expectations for a rise and underscoring the fragility of the recovery from the economy's weakest year since 1999.

So, Chinese data is mixed.  The US GDP was in the red in the 4th quarter of 2012.  Mixed data all around…