Shares surged Monday in Europe and Asia after the release over the weekend of encouraging manufacturing data in China that suggest government stimulus may be gaining traction.
Germany’s DAX gained 1.0 percent to 11,634.87 while the CAC40 in France jumped 0.9 percent to 5,396.96. Britain’s FTSE 100 advanced 0.8 percent to 7,340.09. Wall Street looked set to extend gains from last week, with the future contract for the Dow Jones Industrial Average up 0.7 percent to 26,103.00. That for the S&P 500 also gained 0.7 percent, to 2,856.90.
