Global markets are in an ebullient mood this morning, with bourses soaring across the planet. Over the trading cycle, improving jobless claims data helped to ease investor concern about the American economy, weaker inflation data from China supported expectations of further stimulus, and news that Greece had made a critical loan repayment acted to lift European shares.
The German DAX is at record heights, the Nikkei is trading above the 20,000 mark for the first time in more than 15 years, and Shanghai shares continue to defy economic logic as they surge higher.
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