The Latest News:
- The European Commission expects that the 18-member Eurozone bloc will expand an upwardly revised 1.2% this year and grow 1.8% in 2015, reports Bryan McManus for AFP.
- The full 28-member EU will grow 1.5% this year and 2.0% next year.
- “Recovery is gaining ground in Europe,” EU Economic Affairs Commissioner Olli Rehn. “The worst of the crisis may now be behind us but this is not an invitation to be complacent as the recovery is still modest.”
- The overall tone remains optimistic as market observers point to continued global growth.
- “As long as the news flow remains reasonable, we will break through new highs for global shares,” Shane Oliver, head of investment strategy at AMP Capital Investors Ltd., said in a Bloomberg article. “The global economy looks OK. For the time being we’re still going to see more upside.”
Cambria Foreign Shareholder Yield ETF
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Max Chen contributed to this article.