Upbeat euro zone figuresMonday. Inflation in July was 5.3%, 20 basis points lower than June's reading. Separate data showed that the continent's gross domestic product grew 0.3% in the second quarter, higher than the 0.2% forecast. That figure was mostly boosted by Ireland's economy, which expanded 3.3% during the period.for all loan categories, according to the Federal Reserve's Senior Loan Officer Opinion Survey.
A soft landing — where inflation cools while the U.S. economy, labor market and corporate earnings continue growing — is, of course, good news for markets.