Wall Street Surges After Upbeat Reports on Economy

NYT
"Wall Street surged out of the gate and then kept going on Wednesday fueled by upbeat economic news from Australia, China and, somewhat surprisingly, on manufacturing in the United States. Markets were higher in Asia and Europe after reports showing a closely watched purchasing managers’ index in China picked up slightly in August after several months of slight declines, and Australia reported that its economy had expanded more than analysts had expected during the second quarter. In the United States, shares also got a lift from a report showing an unexpected jump in a manufacturing index. "