First estimate of the German economic growth in 2020 has been released at 9:00 am GMT. According to the report released by the Federal Statistical Office, German economy contracted by 5% compared to 2019 levels. This is a slightly better reading than a median estimate of 5.1% decline. DE30 moved lower following the release while EURUSD saw a minor reaction.
DE30 pulled back in spite of slightly better-than-expected GDP data for 2020. However, scale of reaction was small. Source: xStation5
Strong December jobs report shocked markets, with 256,000 new payrolls far exceeding expectations of 164,000. This triggered a broad market selloff...
17:52The Federal Trade Commission (FTC) has scheduled a closed meeting for next Thursday. Although the topic of the meeting has not been disclosed, investors...
17:00U.S. stocks declined sharply today, with the US 500 (S&P 500) falling 1.6%, as a stronger-than-expected December jobs report forced investors to recalibrate...
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