China trade, U.S. budget deal buoy world stocks

Feb 12, 2014, 5:17 AM EST
Pedestrians walk past a share prices board in Tokyo on November 11, 2013. The benchmark Nikkei 225 index rose 1.37 percent, or 193.42 points, to 14,280.22 shortly after the opening bell.
AFP/Getty Images

Global shares were on track to post their longest winning run in five months as they rose for a sixth straight day on Wednesday, boosted by upbeat trade data from China and a U.S. House deal extending the federal borrowing authority. Chinese exports and imports handily beat expectations in January, confounding market expectations that the world's second-largest economy is mired in a deepening slowdown and reviving appetite for emerging market assets that had been battered in recent weeks.
Background:
China trade, U.S. budget deal push world stocks to 6th day of gains [Reuters]
Dow jumps after new Federal Reserve chief signals that she'll continue Bernanke's policies [U.S. News & World Report]

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