Positive China’s trade data drives stocks up
Major stocks around the world have seen significant growth on April 14. Traders have been reassured by the new data on Chinese trade, which shows signs of improvement.
European stocks turned to green during early trading. STOXX 600 has gone up 0.6% and reached its highest position since March 11. Spanish IBEX has gone up 1.5%, following the reopening of some companies, although public establishments will remain closed until April 26.
Optimism on the markets has been reinforced by the news, that Chinese exports have lost only 6.6% of their total value last month, while the analysts were waiting for a 14% drop. Country’s imports have gone down 0.9% - analysts were waiting for a 9.5% tumble.
Chinese stocks also saw growth - blue-chip index has gone up 1.2%. Nikkei has risen 2.8%, AXJO is up 1.7%, Hang Seng gained 0.5%.
Global rally has driven the MSCI’s World Index up 0.5%.