Eurozone flash GDP in focus shortly- DAX and CAC off session lows

Very shortly, at 10am GMT we will get a whole host of European data and that mostly focuses on the flash Q3 GDP report, but there are a bunch of other data points out at the same time. Those concern the latest confidence figures for the region. Eurozone GDP is forecast to potentially rise from a prior annualised reading of 0.6%, to around 0.8%. The actual quarterly reading is expected to remain unchanged at 0.2%. Now ahead of this the major European stock market indexes have been under pressure and that has seen the CAC fall to just below 7,425 and the DAX has dipped to below 19,350. Right now the DAX is bouncing a little better off its low than the CAC, but of course disappointment in this GDP data could change that, especially given the higher German inflation data we have seen this morning. The DAX is currently trading at 19,373