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Overview: The S&P 500 closed higher yesterday for the ninth session in the past ten, but the coattails are short and global equities are trading with a heavier bias today. A firm CPI reading in China took a toll on local shares with the Shanghai Composite, shedding 1.6%, the most in more than two weeks. European bourses are mostly in the red. After rising about 2.4% last week, the Dow Jones Stoxx 600 is off about 0.7% this week. It has closed on old gap on the daily bar charts (from April 3) and looks