The dollar dipped and Treasuries gained after data showed the U.S. economy expanded at a pace just shy of economists’ expectations in the second quarter. American equity futures pared gains.
U.S. GDP grew by 4.1 percent at an annualized rate in the three months through June, after President Donald Trump earlier predicted the data would show the U.S. economy in “terrific” shape. Futures on the S&P 500 and Nasdaq pointed to a marginally lower open after Twitter Inc. and Exxon Mobil Inc. reported disappointing earnings. The Stoxx Europe 600 Index headed for its best week in almost two months as banks and telecommunications firms gained. The euro slipped after disappointing economic data from France.
via Bloomberg
