KASHKARI SAYS FED HAS TIME TO ASSESS DATA, NEED FOR RATE CUT

KASHKARI SEES SIGNIFICANT PROGRESS IN INFLATION FIGHT

MNI China Daily Summary: Monday, February 05

MNI: US JAN SERVICES PMI 52.5 (FLASH: 52.9); DEC 51.4

NBP Data Watch

MNI: EUROZONE DEC PPI -0.8% M/M, -10.6% Y/Y

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

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KASHKARI SAYS FED HAS TIME TO ASSESS DATA, NEED FOR RATE CUT

KASHKARI SEES SIGNIFICANT PROGRESS IN INFLATION FIGHT

MNI China Daily Summary: Monday, February 05

MNI: US JAN SERVICES PMI 52.5 (FLASH: 52.9); DEC 51.4

NBP Data Watch

MNI: EUROZONE DEC PPI -0.8% M/M, -10.6% Y/Y

MNI BRIEF: Stabilizing Prices Helps BOC Turn Neutral-Freeland

MNI BRIEF: Canada Needs CAD1 Trln To Fix Housing Squeeze- CMHC

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

The US dollar funding tightness......>

US TSYS/STOCKS
US TSYS/STOCKS: The US dollar funding tightness stems from "many things" such as
"Chinese yields gong up," plus the "year-end in itself" and also the fact that
"there is not that much Treasury collateral" available, plus the yield curve
flattening movement, said traders. 
- But if Wed 8:30am ET US Oct. CPI "comes in weak, that could change things, and
may improve liquidity," said one observer. 
- But another trader said that the firm Oct. 0.4% PPI number "has put the Fed
back in play again" as market players bet on a tightening Fed. 'They are trying
to disregard" the higher PPI "as being a hurricane effect," he added. "But it is
flattening out the Treasuries curve. So people have an indecisive mood, and that
is knocking down the stocks."

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