Wednesday Morning Notes: Markets Have Strongly Rebounded Off Their Lows – Morning Notes

– Markets have strongly rebounded off their overnight lows
– Nikkei closed down 50ps with weakness attributed to Japan Trade Balance data, which came in weak, showing the first deficit in 31 years
– Shanghai closed down 90bps; Hang Seng closed up 10bps
– Euro and oil have also rebounded nicely off their overnight lows
– UK GDP came in in line
– There were rumours out that Greece would hold early elections, which PMs dismissed
– French Finance Minister Christine Lagarde announced she would seek IMF MD position, the post that Strauss-Kahn had left

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