German GDP expands in second quarter as Swedish economic sentiment improves
Germany's GDP grew 0.2% in Q2 while Swedish economic sentiment reached a two-year high, as global markets remain cautious ahead of US Federal Reserve policy decisions.
Germany recorded higher-than-expected growth in the second quarter, with gross domestic product expanding by 0.2% quarter-on-quarter and 0.9% compared to the same period last year.
In Sweden, the National Institute of Economic Research reported that economic sentiment in July reached its highest level since June 2022. The increase was primarily driven by strong activity in manufacturing and retail, despite continued hesitation among households.
Concurrently, global equity markets face ongoing pressure following a pullback in artificial intelligence stocks that impacted widespread investment accounts. US stock futures indicated a cautious session ahead of key Federal Reserve monetary policy updates and major corporate earnings reports.
Sources: Dagens Industri
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