Markets rose on Wednesday. The S&P 500 rose 0.7 percent while the STOXX Europe 600 rose 0.4 percent.
US Treasuries also rose, pushing the 10-year yield down 4 basis points to 2.42 percent.
Economic data on Wednesday had been mostly weak.
In the US, retail sales were flat in July, the weakest performance in six months, after a 0.2 percent rise in June.
In the euro area, industrial production fell 0.3 percent in June after falling 1.1 percent in May.
In China, bank lending plunged to 385.2 billion yuan in July from 1.08 trillion yuan in June. Industrial production rose 9.0 percent in July from the previous year, down from 9.2 percent in June, while retail sales growth slowed to 12.2 percent from 12.4 percent. Fixed asset investment rose 17.0 percent in the first seven months from the previous year compared to 17.3 percent for the first six months.
Japan's economy shrank 1.7 percent in the second quarter, its biggest contraction since the March 2011 earthquake.
And in the UK, average weekly earnings fell 0.2 percent in the April-June period compared to the previous year although the unemployment rate did ease to 6.4 percent in the three months to June from 6.5 percent a month earlier.
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