More Evidence Europe Is Back and Recovering Fast

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July 25 (Bloomberg) -- On today's "Insight & Action," Adam Johnson looks at the European economy on Bloomberg Television's "Street Smart." (Source: Bloomberg)

More evident europe is back.

Time for a little insight and action.

Here is the data we got today.

In the u.k. gdp rising for the second time in a row.

All sectors in the u.k. economy expanding.

That is a big deal.

Meantime come in germany, business and much higher for the fourth time in a row.

Data coming in better.

Fortunately for us, the team as citigroup adds up this.

The data comes in better, it adds to the index.

If it is worse, is the tracks.

Look what has been happening so far this year.

Very clear you can see what has been happening.

-80. a lot more negative surprises in april and may.

You can see what has been happening recently, to the point that we are now up 40.5. here is the big surprise of all, europe, 40.5. look at the u.s., surprise, - 4.7. for all the talk, hand-wringing and worrying about europe and the commentary about how much better we're doing in the u.s., you look at the data in getting many more upside surprises in europe than we are getting here.

Maybe that is because we take of the expectations for europe down so much.

It is not touching foreign- exchange traders by surprise.

Look at what has happened over the past four trading sessions.

You can see some of the other highs so far over the past six months.

This suggests, perhaps, if you listen to the strategists think you could certainly see more upside in the euro.

The data is getting better.

Makes sense the euro would outperform the dollar.

This text has been automatically generated. It may not be 100% accurate.

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