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

13 August 2026, 7:57 AM

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12 August 2026, 7:02 PM

Daily Summary: Wall Street Gains After CPI Data 📈 Gold and EURUSD Move Lower

12 August 2026, 1:32 PM

BREAKING: US CPI in line with estimates! EURUSD muted!

12 August 2026, 12:55 PM

Will Inflation Kill the Chances of a September Rate Hike?

Economic reports

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