Tuesday, August 01, 2017

Today's Headlines

  • Euro-Area Economy Steams Ahead as ECB Waits for Inflation. (video) The euro-area economy expanded apace in the second quarter, a sign the bloc’s upswing is becoming increasingly robust and self-sustaining. Gross domestic product in the 19-country region rose 0.6 percent in the three months through June, after increasing 0.5 percent at the start of the year. That’s in line with the median estimate in a Bloomberg survey of economists.
  • Why a Little Economic Overheating Won't Spoil the Market Rally. The “Goldilocks” rally still has juice. That perfect environment to sustain broad market gains -- when global growth is fast enough to lift corporate profits, but tame enough to keep inflation muted -- should be in effect for at least another 12 months, according to Kevin Gaynor, the head of international economics at Nomura Holdings Inc
Wall Street Journal:

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