Global markets rose Wednesday on hopes that financial authorities in the U.S. and Europe may take action to stimulate economic growth and ease the financial turmoil that is threatening to tear apart the 17-country eurozone.
LONDON (AP) — Global stock markets have started the week on a fairly flat note as the Chinese currency steadies and the Greek bailout cleared another big hurdle.KEEPING SCORE: In Europe, the FTSE 100 index of leading British shares was down 0.3 percent at 6,529 while Germany's DAX fell 0.3 percent to 10,948. The CAC-40 in France bucked the trend, trading 0.1 percent higher. Wall Street was headed for a subdued open, with both Dow futures and the broader S&P 500 futures down 0.2 percent.
Hours after the IMF cut its global economic growth forecast yet again (which for the permabullish IMF is now a quarterly tradition as we will shortly show), now expecting 3.5% and 3.7% growth in 2015 and 2016, both 0.3% lower than the previous estimate (but... but...
Martin SantaBRUSSELS — The German and French economies grew faster than the United States in the second quarter, pulling the eurozone out of its longest recession.
Growth in the 17-country bloc was 0.3% from the previous quarter, with its two biggest economies both revealing unexpected strength, data from the European Union’s statistics office Eurostat showed on Wednesday. A Reuters poll had forecast 0.2%.