World Headlines 2012-10-18

RQ Cross Box: 2012-10-18

UPDATED 7:00 EDT - EQUITIES - Asian stocks rose, with the regional benchmark index headed for its highest close in a month, after China’s economic growth matched economists’ estimates. European stocks were little changed, after the Stoxx Europe 600 Index reached a three-week high yesterday, as investors awaited the outcome of a two-day summit of the continent’s leaders. U.S. index futures trading in tight range ahead of Wall Street opening bell. COMMODITIES - Soybeans advanced for a third day on speculation that demand from China, the largest buyer, may be sustained as the world’s second-biggest economy begins to stabilize. Corn and wheat also trading higher. CURRENCIES - Australia’s dollar touched the strongest level in two weeks after Chinese data showed signs of economic stabilization, brightening the export outlook for the South Pacific nation. ECONOMIC DATA - US Unemployment Claims due at 8:30, Philly Fed Manufacturing Index at 10:00 EDT.

World Headlines 2012-10-18

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