BREAKING: EUR jumps in spite of miss in German GDP

١٢:٠٣ م ٣٠ يوليو ٢٠٢٤

German GDP report for Q2 2024 was released today at 9:00 am BST. Report was expected to show a flat annual growth, following a negative reading for Q1 2024, as well as a small deceleration in quarter-over-quarter pace of growth compared to Q1 2024. However, quarterly growth was expected to remain positive.

Actual report turned out to be a disappointment - quarterly growth came in at negative 0.1% QoQ, while annual seasonally adjusted GDP growth missed expectation and also came in negative. Not seasonally adjusted GDP growth matched expectations of 0.3% YoY growth.

إبدأ بالإستثمار اليوم أو تدرّب على حساب تجريبي

إنشاء حساب حساب تجريبي تحميل تطبيق الجوال تحميل تطبيق الجوال

While the data came in below market expectations, EUR as well as German DAX futures (DE40) moved higher in reponse to the release. This is likely due to the fact that weaker performance of Europe's largest economy could encourage ECB to be more aggressive with rate cuts. Neverthless, scale of market moves was small, with EURUSD moving just around 0.1% higher.

Germany, GDP report for Q2 2024

  • Annual (not-seasonally adjusted): 0.3% YoY vs 0.3% YoY expected (-0.9% YoY in Q1 2024)
  • Annual (seasonally adjusted): -0.1% YoY vs 0.0% YoY expected (-0.2% YoY in Q1 2024)
  • Quarterly: -0.1% QoQ vs 0.1% QoQ expected (0.2% QoQ in Q1 2024)

Source: xStation5

share
back

انضم إلى أكثر من 1.600.000 عملاء مجموعة XTB من جميع أنحاء العالم

الأدوات المالية التي نقدمها، خاصة عقود الفروقات (CFDs)، قد تكون ذات مخاطر عالية. الأسهم الجزئية (FS) هي حق ائتماني مكتسب من XTB ​​في الأجزاء الكسرية من الأسهم وصناديق الاستثمار المتداولة. الأسهم الجزئية ليست أداة مالية منفصلة. هناك حقوق شركات محدودة للأسهم الجزئية.
الخسائر يمكن أن تتجاوز الايداعات