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Need to Know: Forget upbeat Chinese sentiment, this is what’s ‘real’ for investors, says chief UBS economist

It’s April 1, so watch out for the pranksters.

But the quarter may be off to a decent start, no foolin’ after a batch of better-than-expected Chinese manufacturing data. Equities around the world are climbing, while bonds yields are rising after China’s manufacturing purchasing managers index saw the biggest jump since 2012, which could be a sign that stimulus efforts from the government are starting to pay off. beating forecasts.

Given four months of stagnant growth in the sector, it’s “no surprise to see the optimists come out in force today,” Joshua Mahony, senior market analyst at IG, told clients.

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