Ready to Get Started?
Start here. Join over 3M Libertex users around the world!
German GDP falls more than forecast in Q4- EUR/USD and DAX edge lower
The flash reading of German Q4, 2024 GDP has just been released. As covered here earlier, the markets were expecting a 0.1% contraction in the final 3 months of last year. The actual reading slightly worse. GDP fell by 0.2%. The reaction across the markets have not seen the DAX immediately move much. It was already edging back below 21,700 leading into this release. The EUR/USD has not budged much immediately,( but it should) and perhaps that was to be expected too. This data does further underpin the prospect of the ECB lowering rates this morning and whilst that might be positive for the wider European vista, we should not ignore the problems still facing the German economy, because it is not yet making any progress whatsoever. The EUR/USD is edging a little lower now though, currently around 1.0407. The DAX is a bit lower now too
Market News
All News-
Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
