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Morning Brief

Opening calls are indicating a higher open in Europe on speculation Europe will join China in stepping up efforts to bolster economic growth.

In Asia, the major indices are trading positive, with the Nikkei trading 1.10% up from its previous close.

US stocks yesterday rebounded from their worst week of the year on renewed optimism. But one need to be careful to see if this is a relief rally as technically nothing changed from last week. The Dow posted its biggest gain over a month, while the S&P delivered it best performance in over two months.