The investors entered a new year, couped with questions about what the global economic growth trend will be and how to solve the European sovereign debt crisis.
Despite the market investors concern about the debt of Europe, the European stock markets achieved good start during the first two trading days, the major indexes rose generally. In Asian stock market, the investors experienced rise after restrain two trading days, due to the PMI data released by multi-countries which were better than estimates.
China’s manufacturing PMI in December last year was 50.3, 1.3% higher than the previous month and back above the critical line of 50. HSBC released the latest survey showing that the Idian manufacturing PMI increased to 54.2, significantly higher than last month’s 51due to strong new business growth in India last December.
The purchasing managers survey published by Markit showed that euro zone manufacturing PMI in December climbed to 46.9 3 from 46.4 in November. The data released on January 3 showed the U.K. Markit manufacturing PMI was 49.6 in December last year, better than expected. Boosted by the data above, the major Asia-Pacific stock market indexes opened generally higher.
The major indexes generally rose in the morning session of European stock markets. the British and German stock market rose more than 1%, while Frech stock market fell slightly.The FTSEurofirst300 index of pan-European blue chips gained 1.1% to 1011.92 points, hitting a new high since late October last year.
U.S. stock market opened higher on Tuesday, the Dow Jones Industrial index closed up 179.82 points, or 1.47%, the Nasdaq Composite rose 43.57 points, or 1.67% and the S&P 500 index closed at 1277.06 points with an increase of 19.46 points, or 1.55%.