BREAKING: Markets unmoved by German GDP miss

GDP reports from major European economies were key points in today's economic calendar. French and Spanish data released at 6:30 am and 8:00 am BST, respectively, turned out to be much better-than-expected. However, markets were mainly focused on German reading at 9:00 am BST. This one missed expectations and showed no growth in Q2 2022 (0.0% QoQ).

Q2 GDP report from European countries:

France: 0.5% QoQ vs 0.2% QoQ expected
Spain: 1.1% QoQ vs 0.4% QoQ expected
Italy: 1.0% QoQ vs 0.3% QoQ expected
Germany: 0.0% QoQ vs 0.1% QoQ expected

While the German GDP report is clearly a disappointment ,albeit small, reports from other parts of the Old Continent were positive. This is interesting as euro area is more vulnerable to current macroeconomic headwinds than US economy (i.e. lower gas supply) and yet it has managed to expand in the quarter.

Market reaction to the German release was minor - DE30 traded flat while EURUSD ticked lower.

DE30 did not experience any major reaction to German GDP data release and continues to trade slightly below 13,400 pts resistance zone. Source: xStation5

6 November 2026, 7:12 PM

Daily summary: Wall Street rebounds after the sell-off 🔼 US dollar strengthens on solid NFP data, oil prices fall

6 November 2026, 1:31 PM

BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge

6 November 2026, 12:10 PM

EURUSD loses ground ahead of NFP

5 November 2026, 12:00 PM

BREAKING: BoE raises interest rates by 25pbs to 4%⏰

Economic reports

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