BREAKING: German GDP beats expectations, DE30 muted

German GDP data for Q3 2022 was released today at 9:00 am BST. Data turned out to be a huge positive surprise with quarter-over-quarter growth rate coming in at 0.3%, compared to an expected drop of 0.2% QoQ. On annual basis, German economy expanded by 1.1% YoY while the market expected 0.7% YoY. Release triggered a jump on both EUR and European indices, like DE30. However, scale of this jump was rather small.

DE30 ticked higher but scale of the move barely exceeded 0.1% and the move itself was quickly reduced. Source: xStation5

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