U.S. equities rebounded with gains in Asia and Europe after disastrous Chinese trade data became an opportunity to pray for more state intervention in China. Bershire Hathaway also agreed to buy Precision Castparts for $37.2 B, which boosted the latter's shares by 20%, while Berkshire's value sank less than 1%. Chinese shares rebounded following a steep drop, as the Shenzhen gained 4.5% and the Shanghai Comp gained 4.9%, while Japan's Nikkei 225 finished 0.4% higher. In Europe, the Euro Stoxx 50 is 0.6% higher, though the UK FTSE is 0.75% lower. The Dow is 60-points firmer, S&P gained 8-points and NASDAQ is up 18-points ahead of the opening gong. Only the Fed's LMCI is on tap, with Fed's Lockhart to speak later

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China's $1 Trillion Stock Market Stimulus

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China Exports Drop