Encouraging ISM Manufacturing Index Lifted Confidence

Better-than-expected manufacturing data in the Eurozone and the US lifted sentiment, offsetting concerns over the economic outlook after releases of disappointing Chinese and Japanese data and sending European bourses and the Wall Street higher. The market was further lifted as Fed chairman Ben Bernanke defend the central banks’ quantitative easing policies, stating that long-term interest rates would stay low even the economy has shown strength.

Excerpt from:
Encouraging ISM Manufacturing Index Lifted Confidence