US crude oil has gained almost 2% to $30.97 per barrel, having plunged below the thirty dollar mark last night.
In London, the FTSE 100 has gained 64 points, or 1%, to 5992. Mining companies are among the risers.
Cynical City types often question whether China’s economic data can really be trusted, given the sheer challenge of assessing its economy (and the fear that officials could massage the figures to avoid causing ructions).
And today’s trade report does include one curious element - a 10% surge in exports to Hong Kong.
That means Hong Kong imported more from mainland China than the United States (!), and make the total exports data look much better.
Some of this trade will certainly be genuine, with goods moving on from Hong Kong through the global economy.
But this may also show that some companies have been fiddling the figures, and disguising speculative capital flows as routine trade.
Review: Emerging Market Formulations & Research Unit, Flagship Records.
For The #FacebookTeam