- Investors weigh positive China data against global coronavirus cases increase
- WHO sees some stability in European outbreak spread
- Despite China PMI beat, Q1 GDP is anticipated to have sharply contracted
Optimistic economic data out of China, released early Tuesday morning, has boosted contracts for the , and , as well as European shares. In addition, most Asian markets closed higher this morning after Wall Street’s positive finish yesterday.
Still, yields fell, indicating investors continue to balance the upbeat news out of China against the still-climbing number of confirmed global coronavirus cases. That figure, nearing 788,000, includes more than 164,000 in the U.S.; the death toll in New York City alone reached 914 fatalities at time of writing.
Global Financial Affairs
With its and PMIs for March both showing a return to growth, China appears to have found its footing, at the same time the World Health Organization (WHO) sees some stabilization in the pandemic’s…