Record manufacturing jump boosts markets in UK, US and eurozone

Oil prices surge as pent-up demand in May adds to last month's growth records

A record jump in manufacturing activity in the UK, the US and the eurozone lifted stock markets on both sides of the Atlantic on Tuesday.

Pent-up demand after a year of stop-start activity due to the coronavirus outbreak pushed factory order books to fresh highs in May, adding to previous growth records set in April, according to a bellwether survey of factory owners.