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The Breakfast Briefing: Global Stocks Rise On Chinese Data

TedTed
edited April 2019 in The Bullpen
FYI: Better manufacturing data out of China helped U.S. stock futures kick off the new quarter with positive moves Monday morning.

Chinese, Japanese and Korean benchmarks all rose, as did indexes across Europe, keeping the momentum from U.S. stocks at the end of last week.

The Chinese Shanghai Composite was up 2.5% on Monday after the Caixin-Markit China manufacturing purchasing managers index rose in March above 50, which indicates growth, after February’s reading came in below 50, signaling contraction.

In Europe, the pan-continental Stoxx Europe 600 climbed 0.8% in opening trade.

The British pound was slightly stronger against the dollar Monday morning at $1.3072, ahead of a series of votes in Parliament Monday afternoon that are meant to identify the least unpopular Brexit strategy.

In commodities, Brent crude oil jumped 1.4% to $68.50 a barrel. Gold slipped 0.1%.
Regards,
Ted
MarketWatch:
https://www.marketwatch.com/story/us-stock-futures-climb-on-upbeat-china-data-indicating-bullish-start-to-new-quarter-2019-04-01/print

WSJ:
https://www.wsj.com/articles/global-stocks-rise-on-chinese-data-11554105521

Bloomberg:
https://www.bloomberg.com/news/articles/2019-03-31/stocks-to-gain-yen-dips-as-china-data-improves-markets-wrap?srnd=premium

CNBC:https://www.cnbc.com/2019/04/01/stock-market-futures-rise-on-strong-china-data-trade-progress.html

U.K.:
https://uk.reuters.com/article/uk-britain-stocks/ftse-100-lifted-by-mining-bank-shares-easyjet-drags-down-airlines-idUKKCN1RD1MO

Europe:
https://www.reuters.com/article/europe-stocks/european-shares-rally-on-trade-cheer-upbeat-china-factory-data-idUSL3N21J21D

Asia:
https://www.marketwatch.com/story/asian-markets-jump-after-surprise-bounce-in-chinas-manufacturing-2019-04-01/print

Bonds:
https://www.cnbc.com/2019/04/01/bond-market-treasury-yields-rise-amid-china-data-trade-optimism.html

Currencies:
https://www.cnbc.com/2019/04/01/forex-market-positive-chinese-pmi-brexit-deal-in-focus.html

Oil:
https://www.cnbc.com/2019/03/29/oil-market-opec-supply-cuts-us-sanctions-in-focus.html

Gold:
https://www.cnbc.com/2019/03/29/gold-market-dollar-moves-global-economic-slowdown-in-focus.html

Current Futures:
https://finviz.com/futures.ashx
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