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Morning Brief


European markets are called to open higher this morning ahead of a number of important economic growth figures.

In Asia, markets are trading higher as China pledges help to Europe.

U.S. stocks recovered from earlier losses late Tuesday to closed mixed amid an uncertain situation in Greece, where political leaders are scrambling to secure a second bailout and avoid a default.

After falling more than 90 points earlier in the day, the Dow Jones industrial average rose 4 points, or less than 0.1%, to end at 12,878. The S&P 500 fell 1 point, or 0.1%, to 1,350. The Nasdaq edged up less than 1 point to 2,932.

 

Events Today

France, Germany and Italy will all release preliminary fourth-quarter gross domestic product figures for 2011 Wednesday morning. The overall euro zone GDP figure, also released on Wednesday morning, is expected to show that the region’ economy contracted in the last three months of 2011.

There will be a busy reporting day, with 2011 results from BNP Paribas, which will be watched for any indication of the health of the French banking system. Danone, Heineken and Clariant also report results.