China, U.S. figures underpin global shares

16.04.2021 - Korneychuk Evgeniya
China, U.S. figures underpin global shares

Global share markets placed below their historic peaks on Friday. This followed after economic figures from the United States and China boosted investors’ optimism for a brisk economic rebound.

Financial markets in Asia performed steadily after China released its first-quarter gross domestic product. While the country’s reading failed to breach expectations, its retail sales still advanced in March.

MSCI’s broadest index of Asia-Pacific shares outside Japan dropped 0.2%, while Japan’s benchmark index Nikkei made minimal movements. Shanghai shares, on the other hand, recorded a 0.2% decline. MSCI’s broadest gauge of world stocks also declined during its mid-Asian trade as it erased a 0.05% gain.

In the United States, retail sales jumped 9.8% in March. This, together with the country’s unemployment benefit claims, supported investors’ sentiment.

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