Stock market indexes extended gains in New York, Europe, and Asia. The eurozone manufacturing activities deteriorated for the second month in a row in November. China's foreign direct investment continues to fall amid worries about slowing economic growth, intellectual property theft, and arbitrary law enforcement.
Wall Street indexes soared more than 5% in November amid a raft of positive economic reports and post-election euphoria. Semiconductor equipment and technology stocks rallied more than 2% on speculation that President Biden's additional trade restrictions on China are likely to be less stringent than previously expected.