While most of the world is enjoying it last day off from the 2017 holiday transition, with Asia’s major markets closed for the New Year holiday, along with Britain and Switzerland in Europe and the US and Canada across the Atlantic, European stocks climbed to their highest levels in over a year on Monday after the Markit PMI survey showed manufacturing production in the Eurozone rose to the highest level since April 2011.
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‘Euro-zone manufacturers are entering 2017 on a strong footing, having ended 2016 with a surge in production,’ said Chris Williamson, chief business economist at IHS Markit. ‘Policy makers will be doubly-pleased to see the manufacturing sector’s improved outlook being accompanied by rising price pressures.
This post was published at Zero Hedge on Jan 2, 2017.
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