A big jump in Chinese exports helped stock markets continue their recent rally. Up 11.5% after February's 25% decline, it was the first exports gain in 9 months. Investors took it as a sign that the world economy isn't that weak after all. The Global Dow rose 1.8%, while Europe's STOXX 600 added 2.5%.
US markets followed along, with the Dow Industrials up another 170, led by JP Morgan, with its sights once again trained on the 18,000 mark. Other major US indices were up similar amounts, percentage wise.
Both bonds and the US dollar posted solid gains today.
Oil prices slipped somewhat, but oil stocks were able to hold their own today, and hold onto yesterday's big gains. Gold got hammered today, down more than one percent; mining shares also gave back some of their recent, monster gains. But XAU is still in the high-70s, an amazing performance for the year.
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