Mining stocks jumped 2.8 percent, providing the bedrock for Europe's gains as copper prices recovered on strong
China factory data.
Not exact matches
While Purchasing Manager Index (PMI)
data from India showed
factory growth accelerating,
China factory activity edged up marginally though records shrinking export orders..
Recent
data suggests weak global demand for Chinese - made goods, declining levels of
factory activity and a slip in the amount of freight being carried by the
China's rail network.
China's uneven economic recovery signals a looming dilemma for policymakers as official
data released at the weekend showed inflation at a 10 - month high in February while
factory output and consumer spending were weaker than forecast.
The key uncertainty is how much the
data has been distorted by the fall of
China's annual Lunar New Year holidays, which were in February this year and in January in 2012 and which typically see
factories shut up shop for two weeks.