Europe markets close lower as oil jumps and Fed rate hike bets intensify
European markets fell as oil surged and Fed rate hike bets topped 90%, with AI concerns also weighing on stocks.
4 min ago6 min read
Australia's economy expands 0.4% in Q2, topping forecasts
Australian GDP rose 0.4% in Q2, beating the 0.3% forecast; annual growth was 2.1%.
02/09/2026 01:413 min read
Australia's gross domestic product rose 0.4% in the second quarter from the previous three months, beating market expectations.
- Economists had pencilled in a 0.3% gain, matching the prior quarter's pace
On an annual basis, the economy grew 2.1%, also outperforming the 1.8% forecast, though slowing from the 2.5% recorded a year earlier.
- Forecast was 1.8%, while the prior reading stood at 2.5%
This update contains the headline figures only. A more detailed analysis and assessment of the implications will follow separately.
The Australian dollar is likely to receive a short-term boost from the data, at least on the margins.
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