Markets rose on Thursday.
The S&P 500 rose 0.6 percent, the STOXX Europe 600 rose 0.8 percent and the Nikkei 225 rose 0.7 percent.
Cristina Ulang, head of research at First Metro Investment Corp, said that US and China data “support the outlook that the global recovery is gaining ground and the growth is on a strengthening trajectory that will be good for corporate earnings and exporters to these two markets”.
“In an environment where the economy and earnings continue to grow, markets will also climb. Geopolitics shake up markets from time to time, but usually do not have long-lasting impact,” said Arian Vojdani, investment strategist at MV Financial.
Indeed, Jim Paulsen, chief investment strategist at the Leuthold Group, told CNBC on Thursday that for investors, “really good economic momentum” in the US and around the globe means that “the trend is still up”.
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