Scoreboard: Europe's party fizzer

European markets weren't in a celebratory mood despite the region's solid growth, but they were still more upbeat than Wall Street.

There wasn’t a lot going on last night. The key piece of information was that Europe is no longer in a recession. That’s right people; they pulled growth of 0.3 per cent in the June quarter, for the Eurozone as a whole, which let’s face it, isn’t a bad rate of growth - even in the good times. Markets weren’t really in the mood for celebrating though - German and French stocks only just managed to finish in the black - up 0.3 per cent and 0.5 per cent respectively - and the euro didn’t even budge (it’s at 1.3258, which is little changed from yesterday afternoon).


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