China’s Factory Activity Holds Up, Signaling Recovery Has Legs
China’s factory activity expanded for a second month, the best streak in more than a year, bolstering hopes that the rebound in the world’s second-biggest economy can be sustained.
China’s factory activity expanded for a second month, the best streak in more than a year, bolstering hopes that the rebound in the world’s second-biggest economy can be sustained.
Oil held its biggest drop in almost two weeks as discussions on a possible cease-fire in the Middle East reduced the risk premium for crude.
Asian shares advanced Tuesday, led by Japanese equities and as the latest data from China underscored the recovery in the world’s second-biggest economy.
Sumitomo Corp. shares surged by the most since August 2020 after activist investor Elliott Management Corp. was said to have built a “large” stake in the Japanese trading house.
Australian retail sales surprisingly fell in March as households faced the prospect of higher borrowing costs for longer. The currency declined.
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