BANGKOK — Stocks were mostly higher in Europe and Asia on Tuesday, tracking the latest rally on Wall Street. U.S. futures advanced and the dollar was trading near 149 Japanese yen.
A release of China‘s most recent economic growth figures due out Tuesday was postponed, removing one factor that had been expected to drive trading. No specific reason was given, but the GDP report might have conflicted with the confident tone of a Communist Party congress being held in Beijing.
There was little immediate news from the congress, where the party is expected to unveil its top leadership for the next five years a day after the gathering ends.
Economists say the world’s No. 2 economy may have grown by as little as 3% in the latest quarter, barely half the official 5.5% target.
The data weren’t likely to “paint a particularly positive picture of the Chinese economy” when they are…
