Coinbase Global Inc., the leading cryptocurrency exchange in the US, will go public on the Nasdaq index on April 14!
Private consumption powers German surge in second quarter
In Germany, in the second quarter consumers turned to be the major source of surge, as data disclosed on Friday. It’s because Europe's number one economy derived the benefits of record-high employment, ascending wages as well as low interest rates.
In April to June, the German economy ascended by 0.6% percent, as the Federal Statistics Office informed, providing support to Chancellor Angela Merkel's campaign for re-election, revolving around a pledge to generate jobs and reduce taxes.
Private consumption inched up by 0.8%, adding 0.4% to ascend in GDP. A labor market hungry for manpower has powered wages, while low interest rates set by the ECB are stimulating German consumers to spend rather than save.
Private consumption still appears to be a reliable driver of surge, as many financial experts state.
Apart from private consumption, the German economy also benefited from state spending as well as investments in equipment and construction.
Today traders await the US inflation data to be out at 15:30 MT. Jump in to get fresh trade ideas for today!
The American inflation rate is announced on Tuesday at 15:30 MT. It’s an important event for traders as it will impact hugely currency pairs with the USD.
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.
As the earnings season kicks in, JPMorgan is the first to impress us with the better-than-expected data!
The Reserve Bank of New Zealand will hold a meeting on Wednesday, April 14, at 05:00 MT.