Daily Alert: China still at the vanguard of global recovery

  • It was a holiday in the US overnight (Martin Luther King Day), and this has spelled the usual torpor across global financial markets.
  • Meanwhile, China remains at the vanguard of the global economic recovery with fourth quarter Chinese GDP figures beating already-solid expectations.
  • Tonight, the Eurozone ZEW economic survey will be something of a curtain-raiser ahead of the more-closely watched European PMIs later in the week.

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