20100712 1102 Global Market News.

July 12 (Bloomberg) -

- China’s unexpected rebound in overseas shipments to a record last month may lose pace as the European crisis, a moderating U.S. recovery and yuan gains curb demand for goods from the world’s largest exporter. China’s overseas sales jumped 43.9 percent in June from a year earlier to $137.4 billion and the trade surplus more than doubled to $20 billion, the highest level in eight months, the government said July 10.

GLOBAL MARKETS: Japan's Nikkei rises, brushes aside election
SYDNEY, July 12 (Reuters) - Japanese shares rose and the yen largely held its ground in early trade on Monday, with investors seemingly indifferent to a major election loss suffered by Japan's government over the weekend.
"It's political paralysis," said Gerry Curtis, a professor at Columbia University. "Kan is not going to quit and it's going to be very difficult to govern." 

LONDON, July 9 (Reuters) - Potentially robust second-quarter corporate earnings and more clarity on the state of European banks in the coming week should help calm investors stressed by a possibility of a double-dip recession.
"In the past three weeks we've downgraded our view in order to take into account the deteriorating state of the global economy. But we're not in a camp to expect a disaster," said Alain Bokobza, head of global asset allocation strategy at Societe Generale.