Eurozone GDP Growth Shows Draghi’s Stimulus Is Working

The eurozone economy grew by 0.6 percent during first quarter, beating estimates of 0.4 percent. These numbers should come as a relief to European Central Bank President Mario Draghi, according to Brenda Kelly, head analyst at London Capital Group. Draghi has relied on quantitative easing and negative interest rates to lift growth. While inflation fell to minus 0.2 percent in April, compared to zero percent in March, core inflation actually rose 0.8 percent. Though that's still far from the ECB's target of near 2 percent. Kelly also commented on Amazon's (AMZN) - Get Report blowout first quarter results, billionaire Carl Icahn selling his stake in Apple (AAPL) - Get Report and Alphabet's (GOOGL) - Get Report lackluster quarter.