News  / 

Markets gain...Housing market index due...Iran does test transfer


Save Story

Estimated read time: 2-3 minutes

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

TOKYO (AP) — International stock markets were buoyed today after China's quarterly economic growth met expectations, calming intense jitters about the global outlook that have battered markets since the beginning of the year. Futures point to opening gains on Wall Street following Monday's holiday closure. Benchmark U.S. crude oil rose to just under $31 a barrel. The dollar edged up against the yen and euro.

WASHINGTON — There's just one major economic report on today's schedule. The National Association of Home Builders releases its housing market index for January. Last month, the group found U.S. homebuilders feeling slightly less confident about near-term sales prospects but still positive overall that the housing market will continue to improve.

TEHRAN, Iran (AP) — The head of Iran's central bank says a test transaction confirms that financial sanctions have been fully lifted in accordance with a historic nuclear deal. Iran today successfully transferred some of its formerly frozen assets between banks. President Hassan Rouhani (hah-SAHN' roh-HAH'-nee) says Iran should now redouble efforts to attract foreign investment and liberalize its economy.

BEIJING (AP) — China's economy cooled further in the latest quarter, dragging 2015's full-year growth to a quarter-century low and deepening a slowdown that has fueled anxiety over its impact on the global economy. The world's second-largest economy grew 6.9 percent in 2015, down from 7.3 percent in the previous year. For the October-December quarter, growth inched down to 6.8 percent, the weakest quarterly expansion in six years.

SEOUL, South Korea (AP) — Twitter Inc. says users are experiencing problems accessing its microblogging service. The company says on its Twitter Support account today that it is aware of the issue and is working toward a solution. The service disruption has lasted at least an hour. Users said that the service was not accessible on desktop computers but some said the social media tool worked normally when accessed from a mobile phone.

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

Most recent News stories

The Associated Press
    KSL.com Beyond Business
    KSL.com Beyond Series

    KSL Weather Forecast

    KSL Weather Forecast
    Play button