European Shares Rise After US Strong GDP

European shares rose on Tuesday as investors digested revised third quarter gross domestic product (GDP) data from the U.S., which showed the economy grew more than previously thought.

The pan-European Euro Stoxx 600 Index was slightly higher, while new data from Germany confirmed the economy grew 0.1 percent in the third quarter from the second, pushing the DAX 0.7 percent higher.

Market chatter on Tuesday morning also involved the possibility of quantitative easing by the European Central Bank with its governing council set to meet in the latter part of next week.

Read MoreWhat global slowdown? US economy surges in Q3

U.S. stocks turned lower on Tuesday, after the S&P 500 hit another peak, after data had the U.S. economy growing more than previously forecast in the third quarter and consumer confidence dipped in November.

Already modestly higher, stock futures furthered their gains after the Commerce Department reported gross domestic product climbed at a 3.9 percent annualized rate, up from an initial 3.5 percent estimate.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza