Asian stock markets move up sharply after the relatively stable performance in the US markets yesterday.
China +2.3%, India +1.3%, Japan +0.3%, and Hong Kong +0.1%.
European shares also follow suit with London up 1.0%, Paris +1.5%, and Frankfurt +1.4%.
EU composite output PMI continues to trend lower with reading of 47.9 vs 48.6 in January. The data in Q1 so far points to eurozone GDP falling 0.2% and the economic divide between Germany and France “the widest in the 15-year survey history,” according to Markit.