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OCT 18, 2013 - San Francisco Chronicle

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Chinese growth rebound shores up world markets

[...] that the U.S. Congress agreed to raise the country's borrowing limit, eliminating for now the risk of default, investors were able to focus on something other than the squabbling in Washington a day after the S&P 500 index closed at a record high. Government figures showed that the world's number 2 economy grew by an annual rate of 7.8 percent in the third quarter, up from a two-decade low of 7.5 percent during the previous three-month period. Corporate earnings were also on the radar of most traders — the start of the quarterly results season had taken a backseat to the developments ... Read More

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