Germany's Dax hits new record high as Chinese reforms lift global markets

Germany's Dax just hit a fresh high of 9228.16, hours after world markets reached their highest levels since Janaury 2008.

The positive sentiment in markets comes after the Chinese government announced its Third Plenum reforms.

Ishaq Siddiqi, market strategist at ETX Capital says that traders have "welcomed reform plans", and are "enthused that the country’s policymakers have formulated an effective economic blueprint which will transform the country in the next 10 years."

To read more on the threats and opportunities for the Chinese economy, see City AM's intervew with Professor Leslie Young of the Cheung Kong Graduate School of Business after China's third quarter GDP figures.

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