Market Update: The S&P/ASX 200 was 0.1% higher at 5,146 points with support from a rebound in financial stocks

Market Update: The S&P/ASX 200 was 0.1% higher at 5,146 points with support from a rebound in financial stocks. However, gain pared ahead of a string of Chinese data. All the major banks were up between 0.3% to 0.6%. QBE Insurance dropped another 11.1% after yesterday's 22.3% plunge. Qantas fell 3.5%, trading below $1, after its recent downgrade. Resources were mixed with BHP 0.3% higher and RIO was 0.7% lower. The AUD bounced back above US$0.91 to be trading at US$0.9105. The SPI was up 0.3% at 5,157 points on the Sydney Futures Exchange