While you were sleeping: China concerns ease

Tue, 19 Jan 2016

By Margreet Dietz Jan. 20 (BusinessDesk) - Wall Street moved higher as investors found value in beaten-down stocks as the latest data from China eased some concern about the outlook for the global economy. Gains were checked as US oil slipped. While China reported economic growth that was the most tepid in 25 years, it still expanded 6.9 percent last year, compared with 7.3 percent in 2014. “The slowdown in China is nowhere near as bad as markets feared, plus officials have the ability to intervene and stimulate growth," Justin Urquha...

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