FT markets round-up: "Stocks and commodities rose, helping push Wall Street back to a fresh five-year high, as stronger-than-expected Chinese trade data boosted optimism about the health of the global economy. The FTSE All-World equity index rose 0.9 per cent to 230.55, a 19-month peak. In London, the FTSE 100 pared earlier gains to close marginally higher, but still ended above the 6,100 mark for the first time since May 2008. And on Wall Street, the S&P 500 ended the session 0.8 per cent higher at 1,472.87 points, a fresh five-year peak. In Europe, the FTSE Eurofirst 300 fell 0.3 per cent, held back by poorly received results from the likes of German sugar group SuedZucker and a sharp fall in Marks and Spencer shares after the UK retailer delivered a downbeat trading update. ECB hails financial market "normalisation": "The European Central Bank hailed a "normalisation" in financial market conditions on Thursday as its governing council voted unanimously to keep rates on hold, signalling confidence that the eurozone would stage a gradual recovery from recession later in the year. The euro rallied against the US dollar, gaining 1 per cent on the day to touch $1.3195 as Mario Draghi, ECB president, spoke at a regular monthly press conference after its decision to leave its main refinancing rate unchanged at 0.75 per cent. Brussels takes tough stance on Google: "Google will be forced to change the way it presents search results in Europe or face antitrust charges for "diverting traffic" to its own services, the EU's competition chief has said, laying out a sharply different approach from his US counterparts. In contrast to the Federal Trade Commission, which has given the all-clear to Google's search engine, Joaquín Almunia vowed to prevent Google distorting choices for consumers and taking business from rivals. Mixed views on Lew for Treasury: "Barack Obama has nominated Jack Lew to be the next US Treasury secretary, bringing a mixed reaction from Congress and business and heralding a wave of scrutiny during the looming confirmation hearings." Money and happiness: an overview of the latest research. Beware the escape hatch in the new mortgage rules. Planet Money on Honduran charter cities. Think twice before going to business school. Will the nasty flu season affect economic growth? Further further further reading.