European Stock Futures Edge Higher; U.K. GDP Grows in Second Quarter
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| 📚 Daily Digest | Friday, Sept 30, 2022 | | |  | | | | UK economy grew in Q2 but was below pre-pandemic size | | |  | | © Reuters. | | Britain's economy grew in the second quarter but was still below its pre-pandemic peak, contrary to earlier estimates that it had recovered, according to official data which also showed the country's current account deficit was narrower than expected. The Office for National Statistics said economic output rose by 0.2% in April through June, revised up from a previous reading of a 0.1% contraction. | | | | | | | | | | Today's Top News | | Stock Markets | | European Stock Futures Edge Higher; U.K. GDP Grows in Second Quarter | | European stock markets are expected to open marginally higher Friday, helped by stronger than expected U.K. growth, but gains are likely to be limited given continued worries of lower growth as central banks lift interest rates while geopolitical risks remain. At 02:00 ET (06:00 GMT), the DAX futures contract in Germany traded 0.2% higher, CAC 40 futures in France climbed 0.1% and the FTSE 100 futures contract in the U.K. rose 0.1%. | | | | | World News | | Putin to host Kremlin ceremony annexing parts of Ukraine | | Russia's expected annexation of the Russian-occupied areas of Donetsk, Luhansk, Kherson and Zaporizhzhia has been widely condemned in the West. U.N. chief Antonio Guterres said it was a "dangerous escalation" that would jeopardise prospects for peace. | | | | | Economy | | German economy minister: energy situation 'extremely tense' | | Germany is in an "extremely tense situation" with regards to energy supply, Economy Minister Robert Habeck said on Friday, a day after the government set out a "defensive shield" to protect Germans from the impact of soaring energy prices. | | | | | | | | | | | | | | | | | | | |
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