Markets rebounded on Monday after last week's losses. The MSCI All-Country World Index of stocks rose 1.2 percent, oil rose 1.2 percent and copper gained 1 percent.
The gains in markets came after a report on Sunday had said that Chinese Premier Wen Jiabao had indicated that growth will be made a bigger policy priority.
Meanwhile, economic data on Monday indicated that growth is being maintained in the two other leading economies.
In the US, the Chicago Fed National Activity Index rose to +0.11 in April from –0.44 in March. However, the increase was not enough to prevent the index’s three-month moving average from edging down to –0.06 in April from +0.02 in March. Still, the Chicago Fed said that this suggests that economic growth was near its historical trend.
In Japan, the all industry activity index fell 0.3 percent in March, faster than the 0.1 percent decrease seen in the previous month and the third consecutive monthly decline. However, the coincident index climbed to 96.7 in March from 95.2 in February. The leading index rose to 96.4 from 96.1.
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