Chinese Data Helps A Global Stock Rebound

shanghai sun


Asian and European markets are up over 1 per cent, while Dow futures point to a 150-point jump at the open.A smaller than expected decline in China’s manufacturing Purchasing Managers’ Index turned Asian markets positive after early declines.

Cramer tweets: “HSBC PMI number out of China today says ‘soft landing’ which is crucial. All part of what MUST happen to end this morass.”

This rally continues a moderate rebound after four weeks of selling. The Bulls are betting on change in Libya and more accommodation from the Fed on Friday..

Even Goldman Sachs and Bank of America are trading slightly higher after tanking yesterday.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at