Stocks Up On Hopes For Global Growth

Stocks are climbing this morning as investors return to the global-growth theme.

S&P 500 futures are up about 0.25 percent, matching gains of a similar magnitude in Europe. Indexes were mostly higher across the Asia-Pacific region overnight after China reported a sharp slowing of inflation. Traders think that will keep the country’s central bank from raising interest rates.

Equities in China and Australia, which is highly dependent on the mainland country, rallied about 1 percent on the news. Japan’s Nikkei edged lower.

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