HONG KONG (AP) — World stock markets rose Wednesday, boosted by healthy earnings reports from U.S. companies and optimism that U.S. and European politicians may be closer to working out their debt problems.
Crude oil climbed above $98 while the dollar weakened against the euro and yen.
Investors took heart after big U.S. companies such as Coca-Cola Co., IBM and Apple reported better quarterly earnings. Coca-Cola said income rose 18 percent on strong overseas sales, while IBM beat analyst estimates. Apple said sales of iPads and iPods helped profits more than double.
News that U.S. politicians were making some headway on a plan to reduce the deficit and raise the $14.3 …
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