German GDP QoQ Flash Actual -0.2% (Forecast -0.1%, Previous 0.1%)
- YoY GDP fell by -0.4% vs -0.3% exp. and 0.1% previously (non-seasonally adjusted)
- YoY GDP fell by -0.2% vs 0% exp. and -0.3% previously (seasonally adjusted)
EURUSD fell to 1.0416 after weaker than expected Germany macro reading, signalling prelonged slowdown of the major, European economy.
Source: xStation5
Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%⏰