Market 09/09: Lack of Economic Data, Market Recovers

Key highlights:

• NY FED: Inflation expectations stable at 3%

• China: Longest economic recession since 1999

• France: Olympics boost Q3 growth but decline in Q4

• Japan: Q2 GDP revised down to +2.9%, quite disappointing

• Hedge Funds cut oil positions to lowest since 2012

• Atlanta FED: Raises Q3 GDP forecast from 2.1% to 2.5%

• Boeing raises wages 25% to avoid strike

• Market: Capital flows rotating from Japan back to US