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Not Much Out Today So Expecting a Quiet Monday Session

 Morning Notes 2.14.11

-Asian markets had a strong day- in catch up reaction to Mubarak stepping down
-Speculation that China CPI, which is scheduled to be released tomorrow, may come in below expectation of +5.3%
-Japan GDP showed a contraction, -1.1%, which is still better than expectations- hence, the Nikkei closed up 1%
-Japan’s GDP release moves China up to be the second largest economy in the world
-Chinese markets were up nicely with the Shanghai Comp closing up 2.5% and the Hang Seng closing up 1.3%
-European bourses have backed off their early highs and they are currently up marginally
-Quiet on news front in Europe and in the U.S. as well
-S&P futures are down 1.25 handles from FV
-Crude continues its slide this morning
-Treasuries are flat
-Dollar is showing strength again today
-There are no major economic data releases scheduled for today; hence, expecting a quiet Monday session



Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.