Global Markets: China data supports stocks as U.S. earnings season begins
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks edged higher on Monday after economic data from China came in as expected, although stocks on Wall Street slipped as financials showed some weakness in the wake of Citigroup's earnings report. China's second-quarter annual GDP growth rate fell to a 27-year low of 6.2%, as expected, while June reports on industrial production, retail sales and urban investment were above forecasts. On Wall Street, major indexes were near flat, with the S&P kept in check after its first close above the 3,000 mark by a 0.6% decline in financial stocks in the wake of Citigroup earnings.
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