France and Spain's Economic Growth Surpasses Forecasts, Boosting Eurozone Outlook
Both countries report stronger-than-expected GDP growth in Q2, providing optimism amid broader Eurozone challenges.
- France's GDP grew by 0.3% in Q2, surpassing the anticipated 0.2% growth.
- Spain's economy expanded by 0.8% in the same period, beating forecasts of 0.5% growth.
- The positive growth in France and Spain contrasts with stagnant growth in Austria.
- BP reported higher-than-expected profits, raising dividends and announcing a significant share buyback.
- Standard Chartered praised the new UK Labour government, citing economic stability and business-friendly policies.
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