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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..