It was a relatively quiet overnight session on the news front, although you wouldn't know it from the number of Bloomberg e-mails in my inbox. China's FX reserves "unexpectedly" rose in February although I'm not entirely sure why everyone is using the term "unexpectedly" here. Have you heard much lately about the yuan? No? Exactly. Of course you shouldn't discount the Politburo's penchant for making sure the data (any data) looks firm during the NPC, so there very well might be some ... hmmm..