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China data surprises to preserve stocks rally

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Stocks have continued to inch higher today as Chinese export data comes in much better than expected. European markets are firmer a few tenths either side of 1 and their US counterparts up a little more with the Nasdaq breaking back through the 9000 mark and into positive territory for the year. Markets had been expecting Beijing to announce a 15.1 fall in exports, to add to the miserable economic data that has seemed to trickle through during the pandemic, but we got a surprise when the figure actually came out with a 3.5 gain year on year.