- Eurostoxx +1.1%
- Germany DAX +0.8%
- France CAC 40 +1.7%
- UK FTSE +0.5%
- Spain IBEX +1.2%
French and Spanish stocks are among the notable gainers after positive Q2 GDP numbers, though investors are arguably closing one eye to the record inflation figures for July - which adds to recession risks later in the year. In any case, the optimism here is matched by US futures with S&P 500 futures now up 32 points, or 0.8%, feeding off the fact that the US Q2 GDP data yesterday could temper with Fed rate hike expectations. After all, it seems like bad news is now good news.
