Stock Markets Rising Higher in European Session Over Chinese Data
Arslan Butt • 1 min read
Even though China’s economic growth slowed to the lowest pace in 27 years during Q2 2019, it has offered from support to global stock markets. The trade war may have brought down the growth rate for one of the leading economies of the world, but since the figure came as expected, it has offered some relief to financial markets.
At the start of the session, European stock markets are edging higher on Monday while the FTSE is rising after seven consecutive weak sessions. Even though Chinese GDP dropped in Q2, better than expected industrial output and retail sales have reassured markets about the economic growth for now.
At the time of writing, FTSE 100 is trading just above 7500.