NEW YORK ( TheStreet) -- Stock markets around the world are seeing gains early in the week, propelled, in large part, by relatively strong GDP figures out of China. For the second quarter, Chinese growth was reported at 7.5%, stoking bullish optimism in the market and softening concerns of deceleration in world's second-largest economy.The S&P 500 is once again pressuring its all-time highs and the Shanghai Composite Index (SHCOMP) is trading near its best levels for the month. This is the second straight quarter of slowing expansion, but the in-line print was still interpreted as a positive, given recent comments from China's leadership suggesting a willingness to accept weaker growth prospects.
China GDP at 7.5%? Not Likely
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts