Export Data From China showed that exports increased last month, and this unexpected development provided a boost to global markets.
It remains to be seen whether the upside trend in China exports will be robust as the country’s clients were heavily hit by the coronavirus pandemic.
However, both Europe and U.S. are starting to reopen their economies so the situation should get better in May.
I’d note that the markets eagerly rise on anything that can be counted as good news which highlights the underlying bullishness which is most likely caused by unprecedented stimulus measures from governments and central banks
