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Europe Update: UK GDP Above Expectations
Preliminary Q3 GDP for the UK was reported at 0.0%, which was above the expectations for -0.5% and last quarter’s -0.5%.
On a quarterly basis, GDP rose +1.0%, well above consensus for +0.6% and the prior quarter’s -0.4%.
The report has caused European bourses and U.S. stock futures to rally.
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iShare UK - Last 12 Month
Other stories on Europe to review:
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Eurozone Flash PMI's Weaker than Expected
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German IFO Index Weakens Again in October>
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Moody's Downgrades 5 Spanish Regions
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Spain Hinting at Requesting Bailout
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German ZEW Index Shows Outlook Improving
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Industrial Production Up in August
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Spain's Credit Rating Cut at S&P
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Yields Continue to Fall in Spain
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European Manufacturing PMI's Uptick in September
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Stress Tests on Spanish Banks Show...
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German Industrial Production Improves in July
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ECB to Launch Unlimited Bond Buying Program
- Moody's Cuts EU Outlook
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