Stock market today: World markets edge lower as China reports slower growth in the last quarter

Markets fell in Europe and Asia after China reported Wednesday that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter. Oil prices jumped more than $1. China's National Bureau of Statistics said the world's second-largest economy slowed in the summer as global demand for exports faltered and the ailing property sector sank deeper into crisis.