Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses.
The mood was expected to carry over into European trading, with financial spreadbetters predicting opening gains for Britain’s FTSE, Germany’s DAX and France’s CAC.
China’s January exports rose 7.9 percent from a year earlier, while imports jumped 16.7 percent, beating expectations and getting the economy off to a strong start in 2017 even as Asia braces for a rise in U.S. protectionism under President Donald Trump.
Read More: http://www.reuters.com/article/us-global-markets-idUSKBN15P03Y
Source: Reuters (10 February 2017)