The Asian markets also ended with smart gains, the Nikkei index in Japan was gained 2%, Hang Seng index in Hong Kong gained by 1%. However, the Shanghai index in China ended flat.
China’s factory output rose 8.7% in April 2014 from a year earlier, the National Bureau of Statistics of China said on Tuesday. Fixed-asset investment grew 17.3% in April 2014 compared with the same period last year. Retail sales increased 11.9% in April from a year earlier.
Revenues from property sales fell 7.8% in April 2014 compared with the same period last year. Realty directly affects about 40 other industries in China and is considered a crucial pillar of the economy.
In Europe as well stocks were trading higher. The DAX index in Germany was up by 0.7%, CAC index in France was up by half a percent and the FTSE index in UK was flat.
The ZEW center for economic search said that the index of euro zone economic sentiment dropped to 55.2 in May from 61.2 in April, disappointing expectations for a rise to 63.5