EMU: German IP rises at fastest pace in 16 years |
|
The final figure of euro zone first quarter GDP confirmed the previous estimate, which showed a contraction by 2.5% Q/Q. The yearly figure was however slightly downwardly revised from -4.8% Y/Y to -4.9% Y/Y. Looking at the breakdown, government spending (0.2% Q/Q from 0.0% Q/Q) and investments (-4.1% Q/Q from - 4.2% Q/Q) were upwardly revised compared to the previous release, while both exports (-8.8% Q/Q from -8.1% Q/Q) and imports (-7.6% Q/Q from -7.2% Q/Q) were downwardly revised. German
Filed under: Fundamental
Latest Posts
- Sentiment remains EUR/USD supportive
- Czech bond yields at all time lows
- EUR/GBP, USD/CAD, GBP/JPY Technicals
- US: Initial claims continued to trend down last week
- long nzdusd
- EUR/USD Strategy: SHORT 1 at 1.3175, Obj: 1.2375, Stop: 1.3015
- Eurodollar Future – December 2010
- Strategy for today: Short USD/JPY and USD/CHF
- Traders Await US Jobs Data
- The correction yesterday started in the European session
- Forex Technical Analysis on Majors
- Technical Summary for Majors
- Market Comment
- Daily Forex Overview
- USDJPY low trading range continues