Solid China PMI Lifts Asian Equities

Encouraging China factory data and another closing record on Wall Street lifted Asian equities and commodities on Monday, while the euro held recent gains against the dollar but remained on shaky ground ahead of a closely watched European Central Bank meeting.

The upward momentum was seen spilling over into European equities, with financial spreadbetters forecasting Britain’s FTSE to open up as much 0.32 percent, Germany’s DAX 0.26 percent higher and France’s CAC to open flat.

Tokyo’s Nikkei led by way, rising 2.1 percent, while Australian shares added 0.3 percent.  MSCI’s broadest index of Asia-Pacific shares outside Japan was little changed. Greater China markets were closed on Monday for a holiday.

Reuters

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