The Korean Kospi fell 0.26 percent following the reported nuclear test in North Korea and Australian shares were flat overnight. McGraw-Hill (NYSE: MHP ) is expected to report fourth quarter EPS of $0.72 vs. $0.63 a year ago and could comment on the recent legal action taken against Standard and Poor's. Overnight, eurozone industrial production figures are to be released as well as the Bank of England's inflation report, followed by outgoing Governor Mervyn King's press conference.