Spreadex Market Update
European stock trade higher
However the Eurozone as a whole shrank 0.2%, the second consecutive quarter with negative growth for the block.
Investers seem to have hung on to the fact that the two strongest European economies, Germany and France, managed to avoid a fall in economic growth.
Speculation that the wider fall in growth could spark stimulus from the ECB, either through bond purchasing or through a rate cut.
Standard Chartered has agreed to pay $340m to New York State to settle the controversial transactions with Iran.
However although action settles New Yorks accusations, it does not stop other accusations into standard charted by other US authorities over alleged violations to US Sanctions policy towards Iran.
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