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Bernstein sees consumer goods firms continuing to raise prices unless commodity costs drop or shift to private-label products accelerates; Barclays says food commodity prices down 20% from March peaks, but it will take time to show up in companies' costs

Paychex | IHS Markit Small Business Jobs Index rose by 0.18 percent to 99.56 in January; average hourly earnings growth continued decline to 4.66%

Caixin China General Manufacturing PMI rose to 49.2 in January from 49.0 in December, signalling deterioration for the sixth straight month; monthly improvement partially due to softer decline in production volumes

US nonfarm business sector labor productivity increased 3.0% in Q4, as output increased 3.5% and hours worked increased 0.5%; unit labor costs in the nonfarm business sector increased 1.1% in Q4: BLS

S&P Global Canada Manufacturing PMI rose to 51.0 in January from 49.2 in December; companies reported improving market demand as both output and new orders increased

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