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.
Source: