European
stock indexes are close to register their best session since a week after good
news from Eurostat and Germany.
German trade surplus hit a record high in July. The
Federal Statistical Office announced that exports increased by
2.4% on a monthly basis to 103.4 billion euros,
while imports rose by 2.2% to 80.6 billion
euros.
That put the
trade surplus of 25 billion euros at a record high. The largest
economy in Europe looks in excellent condition amid refugee
crisis and the slowdown in China.
Eurostat revised upward the data on gross domestic product of the euro zone to
growth in the second quarter by 0.4% on a quarterly basis and 1.5% yoy.
The preliminary expectations
were growing economy with respectively 0.3% and 1.2%. It seems that the policy
of quantitative easing from the European Central Bank still has an effect, and
efficiently supports economic growth in Europe.
On this background FTSE 100 rose 1.95% to 6193 points, DAX won 2.55 %
to 10,366 points and CAC 40 increased
by 2.23%, to 4651 points.
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