More encouraging economic news out of Europe, with UK economic growth accelerating at its fastest pace in more than 3 years. UK GDP rose by 0.8%, up from growth of 0.7% between April and June - and the biggest increase since the second quarter of 2010, the Office for National Statistics said this morning in London.
I have been a senior resources analyst following the fortunes of the mining and energy sectors for the past 25 years - previously working with stockbroker Intersuisse and financial group Fat Prophets. I am also Executive Director, Mining & Metals...
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Investors are so conditioned to hearing bad news from Europe, European growth may come as a surprise to the market for some time. Is it too hard to believe that even the PIGS are nearly all growing again ? Portugal: +1.1% Italy: -0.3% Greece: +0.2% Spain +0.1% (QoQ basis)
European growth has been the outsider in financial conversations. We have been so focused on US and China that Europe has almost been a secondary conversation.