OVERNIGHT

The Nikkei was up by mid-morning trading slightly higher at 16,285.49. That was down from earlier strength when the index rallied 1.7%. The drop in Shanghai's composite of more than 4% apparently some traders claimed sent a few ripples through the market.

The data on foreign investment coming this week should shed further light on how investors feel. Meanwhile, Friday's U.S. Numbers on consumer spending showed a strong January. And inflation wrenched up the most in four years, a move that could cause the Fed to move more aggressively back to its earlier stance about three or four rate hikes this year.

After the G20 meetings over the weekend where Chinese officials stated there would be no devaluation of the yuan, Chinese shares took a holiday as central bank officials there pushed the yuan to its lowest level in 21 d-days. In other markets, the Korean KOSPI was flat, the Hang Seng feathered 1%, Australians shares rallied slightly despite what many might think, the pall of negative interest rates continue to hang over these markets because the represent unchartered territory in the minds of many. The bank of Japan the ECB and several smaller European banks sport negative rates

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