Global economic output is expected to expand 4 percent in 2021 but still remain more than 5 percent below its pre-pandemic trend.

Europe’s Euro STOXX 600 opened up 0.7%, with Frankfurt’s index up 0.8% after German industrial output and exports rose in November.

the U.S. goods and services deficit was $68.1 billion in November, up $5.0 billion from $63.1 billion in October

The pan-European STOXX 600 index was up 0.2%, while UK’s FTSE 100 rose 0.7% and Germany’s DAX gained 0.2%.

The blue-chip CSI300 index rose 1.4% to 5,113.71 points, its highest close since June, 2015. The Shanghai Composite Index advanced 1.1% to 3,414.45 points.

At the midday break, the Shanghai Composite index was down 0.33% at 3,386.14 points, while the blue-chip CSI300 index was down 0.26%.

Japan’s Nikkei surged by 2.4% to its highest since August 1990.

The four projects call for a combined investment of EUR 2.02 billion (USD 2.47bn),

Hydropower accounts for 31% of Turkey’s installed capacity, with 28.5 GW, and covered 29% of the power mix in 2019.

China looked set for average economic growth of 5.7% a year from 2021-25 before slowing to 4.5% a year from 2026-30.

The CSI300 index rose 0.7% to 5,078.60 by the end of the morning session, while the Shanghai Composite Index gained 0.3% to 3,406.69.

$35 billion in funding for clean energy research across different types of technologies

The US Energy Department has a Geothermal Technologies Office and they are understandably optimistic.

The pan-European STOXX 600 index climbed 0.2%,

China Oil & Gas Pipeline Network Corp. is part of an effort by President Xi Jinping’s government to consolidate the nation’s major pipelines and other midstream facilities into a single firm, intended to boost competition among drillers and downstream oil and gas sellers. The entity officially started operations in October.