Scoreboard: Chinese enterprise

Global stocks rallied on the back of better-than-expected Chinese trade figures, and news from Beijing today could bring more cheer.

China’s better-than-expected trade data – especially the imports numbers, which showed the strongest growth in 14 months – have created quite a bit of stir, it seems. Local stocks got a boost yesterday, the Australian dollar is about 1 cent higher than where it was yesterday morning (up 30 pips to 0.9106 from 1630 AEST), copper surged 2.8 per cent and on both sides of the Atlantic stocks found a bid for the first time in three sessions. Not bad.

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