Upbeat data from China helped lift global markets as 2017 trading started in earnest on Tuesday, with the dollar notching its biggest gain in three weeks, oil on a tear and European stocks setting a one-year high.
Base metal prices and bond yields also advanced, as the better-than-expected factory growth in China dovetailed with higher inflation data in Europe to give investors a solid start to the new year.
Much of Europe had been open on Monday but it was the first day back for its biggest stock market, Britain’s FTSE 100 .FTSE, and it wasted no time in hitting a new record high of 7,196 points with a 0.7 gain. [.EU]
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Source: Reuters (03 January 2017)