Stock market today: World markets edge lower as China reports slower growth in the last quarter

Germany's DAX was unchanged at 15,253.87 while the CAC 40 in Paris also was virtually flat at 7,028.83.that inflation held steady at 6.7% in September as easing food and drink price rises were offset by higher fuel costs.China's National Bureau of Statistics said the world's second-largest economy slowed in the summer as global demand for exports faltered and the ailing property sector sank deeper into crisis.

“The wider data on the property sector remained weak, although green shoots are appearing,” Capital Economics said in a report. “New housing starts continued to drop and are now at their lowest levels since 2005,” it said. Treasury yields in the bond market rose. The yield on the 10-year Treasury climbed to 4.83% from 4.69% late Monday.

The broad expectation for companies across the S&P 500 index is that profits returned to growth during the summer for the first time in a year.rose 9% after rival Choice Hotels International said it wants to buy the company for $90 per share in cash and stock, valuing it at $7.8 billion.Crude oil prices advanced Wednesday as worries flared that war in the Middle East could lead to disruptions in supplies if it drew in Iran or other major oil-producing countries.

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