While you were sleeping: JPMorgan Chase, China lift mood

Wed, 13 Apr 2016

By Margreet Dietz April 14 (BusinessDesk) - Wall Street gained, bolstered by better-than-expected results from JPMorgan Chase, while trade data from China fuelled commodities including copper and iron ore amid hopes the juggernaut economy is in better shape than thought. Chinese exports denominated in US dollars jumped a larger-than-expected 11.5 percent year-on-year in March, while imports shrank 7.6 percent. “The global market reaction is a vote of confidence in the China economy and commodities in general,” Bill Nelson, senior econo...

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