Stocks higher after data from China and US

Stock-markets in Europe and the UK have had a muted open this morning with investors waiting for the latest inflation data.

Stocks higher after data from China and US

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UK and European stocks are higher this morning after the release of China GDP data which showed expansion of the economy by 18.3%, year on year. Markets seem encouraged even though the numbers were below expectations.

US retail sales data provided a postive surprise jumping 9.8% in March as new stimulus lifted consumer spending and initial unemployment claims fell sharply last week to the lowest level since March 2020.

Despite the strong economic data, Treasury Yields slumped on Thursday, confusing many market analysts who have been watching the recent uptrend with some concern.

Eurozone inflation data is due this morning and will be monitored closely.

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