Strong Chinese trade data and falling inflation help send Asian and European shares higher. "The Chinese economy is gathering momentum, but at the same time inflation remains well contained," says economist Savanth Sebastian. "Effectively, this is the sweet spot." However, Japanese shares skid following disappointing earnings from Sony and other heavyweights. Japan -1.8%, Hong Kong +0.2%, China +0.6%, India -0.1%. EU Stoxx 50 +0.7%, London +0.6%, Paris +0.6%, Frankfurt +0.4%, Milan +0.4%, Madrid +0.6%.