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30 Apr 2025

Eurozone Preliminary GDP rises 0.4% QoQ in Q1 vs. 0.2% expected

The Eurozone economy expanded by 0.4% in the three months to March of 2025 after growing by 0.2% in the fourth quarter of 2024, the preliminary estimate released by Eurostat showed Wednesday.

The market forecast was for a 0.2% increase.

The bloc’s Gross Domestic Product (GDP) accelerated at an annual pace of 1.2% in Q1 versus 1.2% in the previous quarter and a 1% estimate.

EUR/USD reaction to the Eurozone GDP report

more to come ....

Apr 30, 2025

USD: The worse the data, the better? – Commerzbank

Yesterday saw the next round of poor sentiment indicators from the US. According to the Conference Board, US consumer confidence fell to its lowest level since the start of the coronavirus pandemic.
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Apr 30, 2025

Australia: Pencilling in a rate cut by RBA in May – Standard Chartered

Q1 trimmed mean CPI fell into the RBA’s 2-3% target range for the first time since end-2021. The growth/stability trade-off likely favours more RBA cuts amid growth headwinds posed by US tariffs.
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