Healthy manufacturing growth figures in the U.S., the U.K. and China in February and March gave a bounce to most major stock indexes on both sides of the Atlantic.
In the U.K., the Markit/CIPS Purchasing Managers’ index climbed to a 10-month high in March. China’s Purchasing Managers’ Index rose to a level of 53.1 last month, from 51 in February, according to the country’s National Bureau of Statistics. In the U.S., the manufacturing index from the Institute for Supply Management rose to 53.4 in March.
The exceptions were Hong Kong’s Hang Seng Index, which slipped 0.2 percent to 20,522.26, and Milan’s FTSE MIP, also down 0.2 percent to 15,948.86.
Elsewhere in Asia, Tokyo’s Nikkei 225 rose 0.3 percent to 10,109.87.
The European markets were on the upswing at the end of trading Monday, led by London’s FTSE 100, which was up 2.3 percent to 5,874.89.
Frankfurt’s DAX closed up 1.6 percent to 7,056.65, followed by Paris’ CAC 40, which was up 1.1 percent to 3,462.91.
Retail and luxury stocks put on a strong show, with the day’s biggest gainers including Burberry Group, which rose 2.1 percent to $24.46; Inditex, which climbed 2.4 percent to $98.06; Ferragamo, which rose 2.8 percent to $21.32, and LVMH Moët Hennessy Louis Vuitton, which advanced 2.5 percent to $176.15. All conversions to U.S. dollars are at current exchange.
In the U.S., the Dow Jones Industrial Average rose 0.4 percent to 13,264.49, while the S&P Retail Index inched up 0.1 percent to 623.16.
Among the top retail gainers were: Abercrombie & Fitch Co., up 4.1 percent to $51.62; The Talbots Inc., up 3.3 percent to $3.13; Stage Stores Inc., up 3 percent to $16.73; Kohl’s Corp, up 2.9 percent to $51.50, and The Wet Seal Inc., up 2.6 percent to $3.54.