The first part of the week was more than optimistic for Bitcoin. However, now it is going through the correction phase.
Euro zone Q4 GDP tacks on 0.6%,in line with expectations
In the euro zone gross domestic product managed to grow as anticipated during the fourth quarter, as follows from preliminary official data published on Tuesday.
In its report, Eurostat informed that gross domestic product rallied a seasonally updated 0.6% for the final three months of the previous year. It turned to be in line with consensus estimate.
The third quarter expansion was updated higher to 0.7% versus the previous outcome of 0.6%.
Gross domestic product in the euro zone went up 2.7% in the fourth quarter year-on-year. That’s quite in line with estimates and compared to the 2.8% jump observed in the previous quarter that was updated up from the initial outcome of 2.6% surge.
After the publication of the GDP data, the currency pair EUR/USD remained intact, showing an outcome of 1.2398. At the same time EUR/GBP hit 0.8812 versus an earlier reading of 0.8810.
Meanwhile, EU stock markets kept trading lower, with SToxx, DAX, CAC 40 and FTSE 10 losing respectively 0.30%, 0.26%, 0.16% and 0.44%.
On Wednesday, China posted shockingly weaker surge in retail sales as well as industrial output for April, thus increasing pressure on the Chinese cabinet to roll out more stimulus because the trade conflict with America escalates…
In April, American import prices surged less than anticipated in April due to the fact that jumps in the cost of food and petroleum were tamed by the largest tumble in the price of capital goods for a decade, dropping a hint at the fact that inflation…
On Monday, gold declined notwithstanding a lower American currency because data underpinned hopes for a Fed interest rate lift…
On Friday, European stock indices fluctuated at the beginning of the trading session…
The Reserve Bank of New Zealand will hold a meeting at 00:00 MT time on August 9.