We are after the publication of GDP data from Italy and France. The first country surprises with decidedly better publications, while in Germany the economic decline continues, but to a lesser extent than in Q3.
- Germany Q4 preliminary GDP -0.3% vs -0.3% q/q expected
- Italy Q4 preliminary GDP +0.2% vs 0.0% q/q expected

Source: XTB Research

DE40 is trading at session lows shortly after the GDP data reading. Source: xStation
Economic Calendar: Jobless Claims 🔎
Morning wrap (31.12.2025)
Minutes FOMC: Further cuts are possible if inflation eases. EURUSD limits decline
⏫Silver and gold rally ahead of FOMC minutes