Manufacturing PMI at a 6-year top

According to IHS Markit, Worldwide manufacturing business conditions showed the largest improvement for more than five-and-a-half years in February 2017, with global trade expanding at the fastest rate for just under six years and optimism about the future continuing to improve. Indeed, the JPMorgan Global Manufacturing PMI, compiled by Markit, rose from 52.7 in January to 52.9 in February, its highest since May 2011.