Stock Markets Rising Higher in European Session Over Chinese Data

At the start of the session, European stock markets are edging higher on Monday while FTSE is rising after seven consecutive weak sessions.

Written by: Arslan Ali Butt • Monday, July 15, 2019 • 1 min read

• Last updated: Monday, July 15, 2019

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.

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Arslan Ali Butt

Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)

Arslan Ali Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.