As trading began around the world, it was clear that recent news
from Europe, the US, China and Japan was what markets had been looking for; generally encouraging news
about the global economy. With low interest rates, manufacturing increases and lower unemployment creating the emerging picture from major economies , Asian shares closed mainly up. Hong Kong and Japan were the main stars of the day, China was fairly flat ahead of inflation figures for the mainland due tomorrow. Australia’s market was closed for the Queen’s birthday holiday. As Europe’s markets opened (except Germany and France due to holidays) things were similarly buoyant and the UK has already been near record highs today. Read the full story.