Recession is Officially Over in Europe

FTSE 100: +10.01 at 5,286.51...DAX: +12.58 at 5,676.54...CAC 40: -8.57 at 3,799.50
Germany, France, Italy and Eurozone reported their quarterly GDP. German economy posted a second consecutive growth in their GDP. The growth came in line with the expectations, up 0.7%. France, on the other hand, had their economy grew on a much slower pace. The GDP was up 0.3% last quarter which was worse than expected yet the rate matched the previous quarter numbers. Italian economy also grew on a slow pace comparing to that of Germany, yet it was quite a respectable growth, up 0.6% for the quarter. By definition, Europe is out of recession.