Equity markets in Europe and the US rose yesterday as investors were cheered by a report of better trade data out of China and downplayed unease over eurozone debt concerns.
Risk appetite was on the rise across the main markets, as commodities, credit and the euro rallied, while government bonds and gold trimmed gains.
Reuters reported that a Chinese official claimed May export data showed a 50 per cent year-on-year increase, surpassing an expected rise of 32 per cent. That surge was seen by investors as a sign that a slowdown in Europe due to the adoption of austerity measures may not hinder global growth.
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