Scoreboard: Shops lift

Risk was on as eurozone data showed the region emerging from recession, while US retail sales had decent momentum.

A barrage of good data on both sides of the Atlantic acted to lift sentiment last night, stock markets just managing to outperform in Europe, with data there showing the eurozone is coming out of a recession. Specifically, eurozone industrial production rose 0.7 per cent in June after a modest fall the month prior, to be 0.3 per cent higher annually. Complementing that, the German ZEW survey showed a vast improvement in August, the current situation index shooting up to 18.3 in August from 10.6, while economic sentiment more broadly rose to 42 from 36.3. Good outcomes, and stocks pushed higher as a result, with the Dax closing 0.7 per cent higher, the CaC up 0.5 per cent, and the FTSE100 0.6 per cent higher.


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