Eurozone GDP QoQ Flash Estimate: 0.1% (Forecast 0.1%, Previous 0.1%)
- YoY Estimate: 1.4% (Forecast: 1.4%, Previous: 1.4%)
- Industrial production (July): 0.2% YoY vs 1.5% exp. and 3.7% previously
A weaker than expected industrial production report from the Eurozone signals that strategic problems persist even if GDP is not in the recession zone.
Daily summary: Sense of relief to global markets🎢 OIL prices dip 8%🚨
BREAKING: US ISM Manufacturing - Strong Beat Across the Board
Eurozone PMIs: German Factory Revival Masks Underlying Stagnation 🇪🇺
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