020 7898 0500The euro has recovered from its early-week losses following the market’s deciphering of the voting data from the French presidential election and the post-event analysis.
On Friday morning there were no major surprises as the first quarter gross domestic product for Europe’s largest nation Germany was released. The figure posted a reading of 0.7% for the quarter and 1.7% on an annualised basis, right in line with analysts’ predictions. This is a key number for the region as a whole.
Looking to the week ahead we have some key economic releases. On Tuesday we have the flash first quarter (Q1) Gross Domestic Product (GDP) for the eurozone. With the encouraging data from the region, it’ll be hoped that the pace of growth has picked up.
In addition, the German ZEW is set for release. The ZEW surveys about 275 German institutional investors and analysts to get their views of the economy for the next six months. It’s a leading indicator of economic health. The inflation figures for the region follow on Wednesday in the form of the consumer price index.
