Looks more like China is reinvigorating the reflation trade
European stocks are set to see their first gain in three days after data from China showed another expansion in the manufacturing sector and strong inflation, signs the global economy is picking up steam.
Raw-material producers (Anglo American Plc, Glencore Plc and Rio Tinto Plc) are leading the way in the Stoxx Europe 600 after copper reached a 2-year high and iron surged following the release of the China data.
MSCI all country index is set to see its ninth month of gains. West Texas crude traded above US$50 a barrel for the first time since May.