BANGKOK (AP) - Asian stock markets mostly rose today as investors kept their sights on a possible improvement in China's economy.
A key survey of Chinese manufacturing activity rose to a three-month high in October, easing concerns that China might experience an abrupt economic "hard landing" rather than a gradual slowdown. The survey, released Wednesday, showed that industrial production continues to shrink, but not as sharply as in the past.
More evidence of an improving outlook for the global economy could come later Thursday, when the U.S. government releases U.S. durable goods orders for September. Economists expect the data to show improvement.
Benchmark crude oil rose closer to $86 per barrel. The dollar fell against the euro but rose against the yen.
First Coast News