EMERGING MARKETS-EM stocks struggle higher on China data, FX mixed



Oct 19 Emerging stocks edged higher on Wednesday after data from China showed the world's second largest economy grew as expected last quarter, though curriences were largely unmoved by this with only Turkey's lira bouncing off a record low.
A raft of data showed China's economy grew 6.7 percent in the third quarter - in line with expectations - and looks set to hit Beijing's full-year target, thanks to stronger government spending, record bank lending and a red-hot property market. Yet this also adds to a growing debt pile and a separate set of data showed industrial output grew less than... read more

 
19 October 2016 in World News, Views: 30
Source: Reuters
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