Stocks up after China growth report, Asia dawdles
Source: AP-EXCITE
By YURI KAGEYAMA
TOKYO (AP) — European stocks advanced Wednesday after China's economic growth picked up slightly in the second quarter but Asian markets were lukewarm about the data that largely fitted expectations.
The world's second-largest economy expanded 7.5 percent over a year earlier in the April-June quarter, picking up slightly from 7.4 percent growth in the first quarter, and suggesting the government's mini-stimulus measures had helped to offset a housing slowdown.
In Europe, Britain's FTSE 100 added 0.9 percent to 6,770.58 and the CAC-40 in France surged 1.4 percent to 4,363.72. Germany's DAX rose 1.2 percent to 9,835.02.
Wall Street was poised for gains. Dow futures added 0.3 percent to 17,040 and S&P 500 futures gained 0.3 percent to 1,973.30.
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