Some better-than-expected economic news from China and the European Union Tuesday helped to boost stock and commodity markets, including the precious metals.
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Caterpillar which is widely seen as a proxy for global economic growth given its dominance as a construction equipment maker, has seen its stock react to economic news from China.
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Disappointing economic news from China weighed on mining firms.
Positive economic data out of China and news that Greece passed its 2013 budget are boosting sentiment this morning.
There was more positive economic news coming out of China overnight.
His arrival in Chengdu, the financial and trade center for southwest China, was front-page news in the Chengdu Economic Daily.
Newspapers including the Chongqing Economic Times and China Daily published only a report by the official Xinhua News Agency in their inside pages, without further commentaries.
We have certainly seen some good news coming out of China here this week in terms of economic growth, and it seems as China goes, the copper market goes.
The other market in focus on Monday was China, ahead of Tuesday's release of China's preliminary manufacturing data, which will be the first chunk of April economic news for Asia's largest economy.
"The art market seems to have cut off from all the negative economic news, " says Urs Meile, who runs a gallery in Beijing, China, and one in Lucerne, Switzerland.
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On Jan. 16, the State Council, China's cabinet, authorized the official Xinhua news agency to "supervise" the dissemination of overseas economic news.
Also on the mind of investors was China's forthcoming preliminary manufacturing data, out on Tuesday, which will be the first chunk of April economic news for Asia's largest economy.
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