On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
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%.
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
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