London — Strong data from China kept world shares near a record high on Monday, sent copper to a 4-1/2 month peak and left emerging market stocks buyers cheering an almost 5% gain in the past five days. Figures from Beijing showed China’s economy grew at a faster than forecast 6.9% year on year in the second quarter thanks to a pick-up in industrial output and domestic consumption and as investment remained strong. Asia shares had hit a two-year high overnight and Europe’s bourses rose early on as they looked to score their fourth session of unbroken gains. The jump in copper and other industrial metals, as well as higher oil prices following the Chinese data, meant mining firms led the charge, although all sectors shuffled higher. "The China data was very helpful," said fund manager UBP’s macro and forex strategist, Koon Chow. "I think it had a particular resonance after Friday’s [weaker than expected] US CPI [consumer price index] and retail sales data … so it is extending the Gol...
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