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A daily morning look at the financial stories you need to know to start the day.
STOCKS/ ECONOMY
-Stock futures are up this morning. The Consumer Price Index inflation report comes out at 8:30 AM Eastern Time. One thing possibly weighing on stocks is the news that a major industrial province in China has just admitted to falsifying its economic data for years.
-Mortgage refinancing soared last week, but the pace of overall mortgage applications has cooled off.
OIL/ ENERGY
-Crude prices are down more than 1 percent, trading at around $51 per barrel. U.S. shale production is up, even as OPEC members reduce their output.
