It has been a big day for PMI numbers with China, India and now the UK all surprising to the upside. There were some shockers however, South Korea and Taiwan whilst Switzerland was a touch soft. All up though stocks are up led by Shanghai 2.5%, Hong Kong 2.4%, Seoul 1.7%, Singapore 1.6% whilst the European group of Dax, Cac and FTSE are up 0.8%. It is hardly surprising therefore that AUD, the best freely floating growth trade around, is back above 99 cents (just).