If the fourth quarter German gross domestic product falls short of forecast this could see Euro exchange rates trending sharply lower across the board heading into the weekend. This creeping realization is continuing to be priced into the Euro.
As the impact of the inflation uptick has already been effectively priced into the Euro anything short of a positive revision may have little impact on investor sentiment. The figure underlines the challenge facing the eurozone.
US, Taliban reach violence reduction agreement But others believe that factions within the group clearly remain committed to a fundamentalist form of Islamic sharia law. But senior US diplomats and Pentagon officials believe that some residual USA military presence in Afghanistan is needed.
Although the Commission left its growth forecasts unchanged it warned that the European economy still faces key downside risks, while indicating that Germany, Italy and France are likely to post the lowest growth for the year. The next ECB in March can now considered "live" with market expectations starting to build that the central bank may well loosen monetary policy further, or at least give increased guidance, to help prime the block's struggling economy. The world's fourth-largest nation, as measured by gross domestic product, has flirted with recession for several quarters. In July-September the growth was 0.3% and 1.4%, respectively.