Wednesday = #winning. Here's what you missed in the wee morning hours:
BOUNCE: The Nikkei rebouned 5.7 percent after the sharp 2-day sell off. The broader TOPIX ralied 6.6 percent.
DEAD CAT: European markets were higher for a moment, but flatlined. That's trickling over to futures.
SHAKING: Japan has been rocked by fresh earthquakes—two 6.0 quakes in the last 24 hours. Also, smoke was seen in reactor number 3 at the Fukushima Plant.
SHAKEY: Moody's has cut Portugal's sovereign debt rating by two notches and maintains a negative outlook.
SHAKIER: More than 200 people are injured after clashes in Bahrain; they declare martial law; Fitch downgrades them to BBB.
UK DATA: UK jobless rate in came in at 8.0 versus a 7.9% forecast. That's a "naught point one percent" difference to you, chap.
US DATA: Look out for PPI at 8:30, expected to be 0.6 percent with core coming in at 0.2 percent. February housing starts are also out at that time, seen falling to an annual rate of 575k.
DATA SCMATA: Swiss Banking giant UBS is being investigated by US regulators for allegedly manipulating Libor.
SELL-DOWN: Goldman wants to sell its mortgage servicing unit, Litton Loan.
HOOK-UP: Starbucks wants to snatch up Peets Coffee and Tea. I type this as my fingers are shaking after 4 grandes of the poison.
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