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

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Shares are mostly lower in Europe and Asia after China reported that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter.

Ex-St. Johns County fire chief who says he was forced to resign speaks out at commission meeting, gets public supportA currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Oct. 18, 2023. 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.

“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.

 

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Stock market today: World markets edge lower as China reports slower growth in the last quarterShares are mostly lower in Europe and Asia after China reported that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter. U.S. futures also fell, while oil prices jumped more than $1. On Tuesday, Wall Street drifted to a mixed finish after a report showed U.S.
Source: AP - 🏆 728. / 51 Read more »