Stocks are climbing this morning on further signs of acceleration in China.
S&P 500 futures have been climbing in the last hour and are up about 0.4 percent at the time of this writing. Europe and Asia showed similar gains, led by Japan’s Nikkei. Commodities are especially bullish.
Chinese exports rose 14.1 percent in December, almost triple the 5 percent growth forecast by economists. Central Bank data also showed strong loan growth, another sign of improvement in the world’s No. 2 economy.
The S&P 500 has been trading in a narrow range for the last six sessions after rallying sharply on on Dec. 31 and Jan. 2. Most of the economic news has remained positive during that time, punctuated by continued U.S. job growth and strong data from Asia.
— Option Monster