World shares up on improved economic data about recovery

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The likelihood of more US stimulus also helped the markets, as well as upbeat Chinese and European manufacturing indicators

Traders on the floor of the New York Stock Exchange. Picture: REUTERS

On Tuesday, data showed that US manufacturing activity sped to a nearly two-year high in August on a surge in new orders, its highest level since November 2018. The MSCI world equity index, which tracks shares in 49 countries, rose 0.2%. Wall Street futures gauges pointed to gains of 0.5%

 

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