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Global stock markets rise on strong earnings, economic data

Asian stock markets have risen slightly following Wall Street's slide.

Posted: Oct 24, 2017 1:10 AM
Updated: Oct 24, 2017 5:11 PM

By JOE McDONALD
AP Business Writer

BEIJING (AP) - Global stock markets rose Tuesday on upbeat corporate earnings and economic data globally. Tokyo's benchmark Nikkei 225 extended a post-World War II record by logging its 16th straight trading session of gains.

KEEPING SCORE: Germany's DAX rose 0.3 percent to 13,044 and France's CAC-40 gained 0.4 percent to 5,409. The FTSE 100 in London gained 0.1 percent to 7,531. On Wall Street, the future for the Dow Jones industrial average rose 0.6 percent while the Standard & Poor's 500 futures were up 0.2 percent.

GROWTH DATA: A survey in the eurozone showed its economy continued to grow at a fast pace in October and that companies were hiring at their fastest pace in a decade. The manufacturing sector in particular saw good growth in France and Germany. In Japan, a survey of manufacturers showed activity weakened but still grew relatively strongly and exports rising.

EARNINGS: Corporate reports were positive from McDonald's as well as from automakers General Motors and Fiat Chrysler. McDonald's made third-quarter earnings of $1.88 billion, which beat expectations. Though GM posted a huge paper loss last quarter, that was due to charges from the sale of its European unit. Without that, it made an above-expectation $2.5 billion before taxes. Fiat Chrysler saw net profit rise 50 percent and maintained its outlook.

ASIA'S DAY: Tokyo's Nikkei 225 index climbed 0.5 percent to 21,805.17 and the Shanghai Composite Index gained 0.2 percent to 3,388.25. Hong Kong's Hang Seng lost 0.5 percent to 28,154.97 while Sydney's S&P-ASX 200 was little-changed at 5,897.60. Seoul's Kospi was unchanged at 2,490.49 and India's Sensex advanced 0.3 percent to 32,594.62. Benchmarks in Taiwan, Bangkok and Jakarta rose while New Zealand and Singapore retreated.

CHINA POLITICS: China's ruling Communist Party is preparing to appoint President Xi Jinping this week to a second five-year term as leader and unveil a new ruling inner circle around him. After spending his first term cementing his status as China's most powerful leader since Deng Xiaoping in the 1980s, Xi is widely expected to shift focus to economic policy. In a speech last week, Xi promised to promote entrepreneurial activity but also affirmed party ambitions to build up state-owned companies that dominate banking, energy and other industries. Five of the seven members of the party's Standing Committee are due to retire under informal age limits, clearing the way for Xi to promote allies.

ENERGY: Benchmark U.S. crude gained 25 cents to $52.15 per barrel in electronic trading on the New York Mercantile Exchange. The contract rose 6 cents on Monday. Brent crude, used to price international oils, gained 18 cents to $57.55 in London. It fell 38 cents the previous session.

CURRENCY: The dollar rose to 113.90 yen from Monday's 113.43 yen. The euro gained to $1.1760 from $1.1749.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 775686

Reported Deaths: 14025
CountyCasesDeaths
Marion1066871814
Lake572681031
Allen43500701
Hamilton37653427
St. Joseph37508568
Elkhart29882471
Tippecanoe23732232
Vanderburgh23634405
Porter19690327
Johnson19020394
Hendricks18271323
Clark13730199
Madison13719348
Vigo12949256
Monroe12691180
LaPorte12645225
Delaware11218198
Howard10832237
Kosciusko9851124
Hancock8855150
Bartholomew8343157
Warrick8216157
Floyd8128183
Grant7457181
Boone7289105
Wayne7273201
Morgan6988143
Marshall6376117
Dubois6327118
Cass6130112
Noble607391
Dearborn605878
Henry6001111
Jackson520977
Shelby514898
Lawrence5020128
Gibson471697
Montgomery464792
Clinton462755
DeKalb461485
Harrison459277
Huntington429082
Whitley421045
Steuben414561
Miami411573
Jasper403957
Knox397291
Putnam388762
Wabash373884
Adams358956
Ripley354571
Jefferson351487
White341854
Daviess3110100
Wells305981
Greene298485
Decatur294393
Posey288235
Fayette287764
Scott285458
LaGrange278873
Clay277649
Washington257638
Randolph248583
Jennings243349
Spencer240531
Fountain239050
Starke231559
Owen226759
Sullivan224143
Fulton210446
Jay204132
Carroll200623
Orange194456
Perry193139
Vermillion183444
Rush179127
Tipton174348
Franklin173935
Parke157816
Pike144034
Blackford138732
Pulaski124748
Newton124137
Benton111615
Brown106743
Crawford106716
Martin92715
Warren88715
Switzerland8568
Union73910
Ohio58711
Unassigned0429

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1132798

Reported Deaths: 20530
CountyCasesDeaths
Franklin1312911496
Cuyahoga1180592268
Hamilton830231263
Montgomery541901064
Summit491891018
Lucas43982835
Butler40324615
Stark34056941
Lorain26232511
Warren25125312
Mahoning22881614
Lake21602397
Clermont20592261
Delaware19295138
Licking16977227
Fairfield16959207
Trumbull16940493
Medina16019278
Greene15721254
Clark14439309
Portage13548219
Wood13411201
Allen12124245
Richland11870214
Miami11140229
Wayne9344228
Columbiana9282236
Muskingum9207137
Pickaway8796123
Marion8774140
Tuscarawas8756257
Erie8220166
Ashtabula7318180
Hancock7080135
Ross7070165
Geauga7032153
Scioto6887108
Belmont6261179
Lawrence6033106
Union595149
Jefferson5787162
Huron5678122
Sandusky5536130
Darke5476131
Seneca5391128
Washington5391111
Athens528660
Auglaize510587
Mercer492885
Shelby487798
Knox4678112
Ashland450198
Madison450066
Defiance444599
Fulton443275
Putnam4366104
Crawford4152112
Brown414163
Preble3988107
Logan396379
Clinton395667
Ottawa378281
Highland370768
Williams361878
Champaign351760
Guernsey334054
Jackson324954
Perry300550
Morrow298544
Fayette291350
Hardin280465
Henry279067
Coshocton275161
Holmes2735102
Van Wert254465
Gallia254150
Adams253658
Pike247137
Wyandot236557
Hocking224163
Carroll203349
Paulding181542
Meigs153940
Monroe139446
Noble138739
Harrison115738
Morgan112024
Vinton88217
Unassigned04
Fort Wayne
Clear
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Hi: 83° Lo: 56°
Feels Like: 62°
Angola
Mostly Cloudy
64° wxIcon
Hi: 81° Lo: 56°
Feels Like: 64°
Huntington
Clear
60° wxIcon
Hi: 81° Lo: 53°
Feels Like: 60°
Decatur
Clear
62° wxIcon
Hi: 83° Lo: 55°
Feels Like: 62°
Van Wert
Clear
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Hi: 84° Lo: 55°
Feels Like: 60°
The heat and humidity builds into the region as we head into the weekend.
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