President Obama’s latest executive orders on housing and student loans may have fallen flat, but if he does win reelection, this week may mark the beginning of his comeback. According to Gallup, Obama’s approval rating nudged up to 43% after averaging below 40% the two previous weeks. Gallup’s Jeffrey Jones attributes the rise to, “two recent major foreign policy events — the death of Libyan President Moammar Gadhafi and Obama’s announcement that virtually all U.S. troops would be withdrawn from Iraq by Dec. 31. Additionally, the U.S. stock market has shown gains this month, particularly in the past week.”

This sounds about right. The markets’ rebound does not appear to have come from anything Obama has done. Instead, news from across the pond, that European Union leaders have reached an agreement to help ease the Greek debt crisis, has sent markets up. The Dow Jones Industrial Average rose 2.9% yesterday, and is on track for its biggest monthly gain in 25 years. A Commerce Department report released yesterday, showed that the U.S. economy grew by 2.5% this quarter, which, while not great, is still much better than many analysts were predicting.