The Bank of England forecast last month that Britain would slip into a recession at the end of 2022 and not come out of it until early 2024. gross domestic product grew by 0.2% in July from June, below the growth of 0.3% expected, while in the three months to July, GDP was flat compared with the previous three-month period. growth data illustrated the economic difficulties the region is currently suffering.
Prolonged attrition remains one option, but an earlier-than-expected end to the conflict has entered the equation.Įuropean markets closed last week with healthy gains as September started on a positive note, and this tone has continued Monday, even after disappointing U.K. Ukraine has retaken more than 3,000 sq km (1,160 sq miles) this month, Ukrainian chief commander General Valeriy Zaluzhnyi said on Sunday, with most of this ground being taken thanks to a rapid weekend offensive that forced Russia to abandon its main logistics hub in the Kharkiv region.Īfter months of stalemate, these swift maneuvers will give the markets room to reconsider the range of outcomes. growth data.Īt 03:50 ET (07:50 GMT), the DAX futures contract in Germany traded 1.4% higher, CAC 40 futures in France climbed 0.9% and the FTSE 100 futures contract in the U.K.
European stock markets traded higher Monday, helped by the substantial territorial gains made by Ukrainian troops over the weekend, even in the face of weak U.K. Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close
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