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By Jason Stipp and Jeremy Glaser | 08-23-2013 09:00 AM

The Friday Five

Five stats from the market and the stories behind them. This week: Europe perks up, perspective on J.P. Morgan's latest headache, Home Depot builds momentum, and more.

Jason Stipp: I'm Jason Stipp for Morningstar, and welcome to The Friday Five: five stats from the market and the stories behind them.

Joining me as always with the Friday Five is Morningstar markets editor Jeremy Glaser.

Jeremy, thanks for being here.

Jeremy Glaser: You're welcome, Jason.

Stipp: What do you have for The Friday Five this week?

Glaser: We're going to take a look at the numbers 26, $0.25, 6.5%, 10.7%, and 1%.

Stipp: The data this week showed a 26-month high in the Markit Flash Eurozone PMI, but I guess you're going to tell me they're not quite out of the woods yet.

Glaser: Well, maybe not quite, but this is a good sign that Europe is pulling out of this double-dip recession that they've been in for the last 18 months. Bob Johnson has looked at some of the GDP data and sees that it's really turning around, and this manufacturing data--the PMI tracks what's happening in the manufacturing sector--shows that, yes, indeed it looks like a lot of the eurozone economies are looking better.

Germany in particular is looking very strong. They're leading the European economic recovery, as they did before. I think that's pretty important as we look at the eurozone crisis, which … is still kind of simmering on the back burner. It has been quiet, because the ECB stepped in and said we're going to do whatever it takes to save the euro. That really calmed down credit markets considerably, gave everyone time to think about the best way to address some of these structural issues. But none of them have been addressed yet, and they won't really be addressed until we look at things like potentially another bailout for Greece, which the German finance minister talked a little bit about this week for the first time explicitly, which was an encouraging sign that they see that these issues are still out there. Maybe even some kind of debt forgiveness, getting those debt levels down to manageable numbers in Greece and elsewhere.

I think if Germany's economy continues to do well, and Europe's economy is doing well, it just sets a background where it's so much easier to get those deals done and will make it a little bit simpler to get the eurozone crisis fully solved.

Stipp: $0.25 per share is the amount that J.P. Morgan would pay per $1 billion of litigation charges. When you see it in those terms, it really puts a different spin on the number.

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