The news that Chinese export fell by a far lower amount than expected in December has led to an uplift in markets due to a more positive demand outlook.
China's exports fell by just 1.6% last month, despite analysts having predicted an 8% fall. This development has therefore helped to stabilise investor outlook across Asian markets and, in turn, has helped to push up the price of oil from its 12-year lows that were seen earlier this week.
Combined with a reduction in weekly US crude oil inventories, both US light crude and Brent crude prices rallied on Wednesday (13 January 2016), helping to bolster markets across the globe.
As of 3.54 pm GMT, markets in Europe were largely up in the day's trading session, with the UK's blue chip index the FTSE 100 having gained 0.38% in value, while the French CAC 40 was up by 0.11%
Only the German DAX Index had witnessed a downturn by this time, with losses of 0.38%.
Elsewhere, Asian markets saw widespread gains on Wednesday also, with the Japanese Nikkei Stock Average 225 rising by 2.88% in its latest full trading session and the Hong Kong Hang Seng Index and the Australian ASX All Ordinaries Index up by 1.13% and 1.19% respectively.
China's own Shanghai Composite Index was only the major loss seen in Asia, with a daily fall of 2.4%.
Respondents to these latest developments, BNP Paribas head of markets research Philippe Gijsels told Reuters: "Markets seem to be stabilising and moving higher as sentiment is turning.
"The yuan is no longer moving lower, but each and every piece of data from China will be looked at with much attention."