Asian and European markets rose Monday as investors cheered data showing a surprise jump in Chinese factory activity, while oil prices rebounded from last week's sharp losses after
Iraq said top producers could announce a cut in output this week.
China said on Saturday that its manufacturing sector expanded in November for the first time in seven months, providing a much-needed boost to investors looking for signs of optimism in the world's number-two economy.
"Investors are taking any signs of an end to the economic gloom, especially in
China, as a reason to buy shares that benefit from stronger growth," said analyst Jasper Lawler at
London Capital Group.