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To: The Ox who wrote (48156)6/9/2010 8:39:26 AM
From: FJB  Respond to of 95587
 
Digitimes is not known for accuracy. Sometimes they get it right, so take it for it is worth...



To: The Ox who wrote (48156)6/9/2010 9:30:20 AM
From: FJB1 Recommendation  Respond to of 95587
 
Wall St set to open higher after China data

Wednesday June 9, 2010, 9:11 am
By Chuck Mikolajczak

NEW YORK (Reuters) - Wall Street was set for a higher open on Wednesday as Wall Street looked to build on gains in the prior session after unofficial data showed Chinese exports topped expectations, easing global recovery concerns.

Chinese exports jumped about 50 percent in May from a year earlier, sources told Reuters. If the data is officially confirmed Thursday, the surge would suggest the risk of a Chinese economic downturn is very small. The report fueled a rise in stock markets globally.

"The growth in China has been a concern. The Chinese government has been slowing the economy to avoid a bubble in the housing market in particular and the general economy," said Tim Ghriskey, chief investment officer of Solaris Asset Management in Bedford Hills, New York.

"This is certainly an indication the Chinese economy remains strong and can help power the economic recovery in the rest of the world."...

finance.yahoo.com