European stocks higher, lifted by energy and banking sectors

Source: CNBC
Stocks across Europe rose on Tuesday, despite disappointing trade data from China. The trading mood and strong gains in energy and banking sectors were boosted by the growth of the Euro zone's revised GDP, which increased by 0.4% in the second quarter. Germany's DAX index surged 2.17%, the French CAC index added 1.88%, while the UK's FTSE 100 index rose 1.47%. As for the pan-European Stoxx index, it advanced 2.02%.  
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Tue, 08 Sep 2015 12:27:04 GMT

Euro area economic growth revised higher in Q2

The Euro zone economy grew more rapidly than previously estimated in the three months to June, as a pickup in exports offset a slowdown in household consumption and a decline in investment spending. The GDP was revised higher to 0.4% from 0.3% in the second quarter, while the estimate for the first three months of the year rose to 0.5%

Tue, 08 Sep 2015 11:27:12 GMT

Aussie jumps as traders reduce Greenback longs

The Australian Dollar erased its post-China data losses and was set higher versus the US Dollar, as speculations that the Fed will refrain from hiking rates next week, pushed the Greenback investors to liquidate long positions. The AUD/USD pair rose 0.76% to $0.6976 by 08:44 AM GMT. Nevertheless, the Aussie remains under pressure by worries over China, which is Australia's

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