020 7898 0500Yesterday saw headline data from the Eurozone in the form of German and Eurozone Gross Domestic Product (GDP) figures. Data for the bloc was as expected, but German GDP didn’t meet expectations. German ZEW current conditions were worse than expected, but its economic sentiment data was better than was predicted. Eurozone-wide ZEW economic sentiment – like its German counterpart – showed improvement from expectations.
Italian GDP also showed improvement, and French and Spanish price data came in mixed. Overall, the euro gained slightly against sterling, despite mixed data reports, and remained stable against the US dollar.
Today sees an empty day in terms of significant data releases from the Eurozone, so any market movements will likely be politically-driven.
