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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%.
US retail sales will be out on Thursday, April 15, at 15:30 MT. It is a significant release for traders as it will impact the US dollar.
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.
In this article, you'll find the list of the hottest stocks to trade on April 19-23, which will publish their earnings!
While Citigroup reports better-than-expected quarterly data, it is also aims at restructuring its global presence. What will be the impact?
What's moving markets on Friday? What is the hottest news? Let's find out!