Is Europe's economy perking up? The PMI's today were better than expected

EUROPE: January services purchasing managers’ indexes

–EUROZONE was 52.7 against 52.2 forecast and from 51.6 in December.

–FRANCE was 49.4 agaisnt 49.5 forecast and from 50.6 in December.

–GERMANY was 54.0 against 52.7 forecast and from 52.1 in December.

–ITALY was 51.2 against 50.0 forecast and from 49.4 in December.

–SPAIN was 56.7 from 54.3 in December.

–U.K. was 57.2 against 56.5 forecast and from 55.8 in December.