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FXstreet.com (Barcelona) - The German DAX 30 (-0.18%), the French CAC 40 (-0.37%), the Italian FTSE MIB (-0.40%) and the Spanish IBEX 35 (-0.03%) are down today, resuming yesterday's mood on concerns over the US debt ceilling and the eventual conclusion of Fed's asset purchases programme by late 2013.

The preliminary EMU CPI remained unchanged at 2.2% in December, instead of moving lower to 2.1% as expected by market consensus. The Italian flash CPI inflation report came in higher than expected at 0.3% on the monthly basis, and eased from 2.5% to 2.4% as expected on the yearly.

In Germany, Markit Services PMI turned expansionary at 52.0 in December (consensus of 52.0), from 49.7. The Spanish Markit Services PMI figure has come out at 44.3 in December, rising from 42.4 and beating the 42.8 consensus. Italy also beat expectations, at 45.6. Retail Sales in Germany grew 1.2% in December (MoM), beating 0.8% consensus, and contracted less than expected on the yearly basis (-0.9% vs -1.2%).

UK Markit Services PMI turned contractionary in December, from 50.2 to 48.9, and disappointed a rising consensus to 50.5. UK monthly supply and net lending to individuals came in worse than expected in November, at -0.2% and £-0.1B, respectively. Consumer credit rose £0.1B. The British FTSE 100 trades little above flat.

Futures for the S&P 500, Nasdaq 100 and Dow Jones are mixed and close to flat, ahead of the US opening and the release of the NFP figure. "Our expectation is for the pace of job growth to ease to 82K, marking the slowest pace of employment growth since June", TD Securities analysts wrote and added that "this would be significantly below the consensus expectation of 150k, with the ADP this week suggesting a print of 200k (but this survey has overestimated December payrolls by an average of 92k over the last three years)".

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