Trade Resources Economy Global Shares Climbed After China's GDP Growth Figures and US Earnings Beat Expectations

Global Shares Climbed After China's GDP Growth Figures and US Earnings Beat Expectations

Global shares climbed Monday after China's GDP growth figures and US earnings reports beat expectations, Reuters reported. The slowdown in China's GDP growth to 7.5% was less severe than many had feared and the country's retail sales numbers rose steadily. Shares in Shanghai rose at the close of the day by 1%. The Morgan Stanley Capital International (MSCI) world index edged higher by 0.3%. Sentiment in New York was bullish, with Dow Jones rising 0.13%, Nasdaq gaining 0.21% and the Standard & Poor's 500 (S&P 500) Index up 0.14%. Market gains were tempered by weak US retail sales numbers.

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Global Markets Rally on China Data, US Earnings
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