"If the US sneezes the rest of the world catches a cold" as the old saying goes.
I don't know what the opposite of sneezing is, but that's what the US is now doing.
Not only did March retail sales in the world's largest economy bear expectations with a thumping 1.1% growth in March, the February figures were revised up too from 0.3% to 0.7%.
The result sent the stock markets north.
Callam Pickering at Business Spectator observes that the US recovery is "in the bag":
"The few remaining concerns about the US economy were washed away overnight with retail sales rising strongly in March to offset a weather-affected start to the year."
Read more from Pickering here.
Back on the home front, Rio Tinto (RIO) reported this morning another 8% increase in its iron ore production, with copper output beating expectations.
Rio further reported that coking coal production is up 14% over the year and thermal coal production up 12% over the year.
The mining construction boom is now passing its peak, but the export boom is taking off at a tremendous pace.