European Economy Shows Positive Signs

The United States stocks are benefitting from an unexpected positive European stock report. Second quarter GDP information from France and Germany surpassed the expectations of European economists. Despite this hopeful news, Europe’s economy is still in turmoil. According to experts, Europe still has a long way to go when it comes to economic recovery. Overall, growth is still maintained for France, not increased. This report came from Eurostat, which is a division of the European Union which puts out information on the current happenings of the European economy.

This seems to be a positive sign for the European economy – a step in the right direction. However, it is by no means a strong indication of full economic recovery. It is positive that the United States stock market is benefitting, which is additional proof of globalization in the present. This news of positive economic activity in Europe has already had an obvious impact on international business, positively impacting the United States stock market. 

 

 Article:

http://money.cnn.com/2012/08/14/investing/premarkets/index.htm

Reports., NEW YORK (CNNMoney) -- U.S. Stocks Were Poised to Open Higher Tuesday after Several Better-than-expected Eurozone Economic. "Premarkets." CNNMoney. Cable News Network, 14 Aug. 2012. Web. 19 Mar. 2013.

Image:

http://torvergata.eurosblog.eu/spip.php?article532

Pietrotti, Claudio. "Gennaio 2012: Un Mese Proficuo per Il Commercio Al Dettaglio." N.p., 15 Mar. 2013. Web. 19 Mar. 2013.