|06:00||Germany||Retail sales, real unadjusted, y/y||June||3.8%||3%||5.9%|
|06:00||United Kingdom||Nationwide house price index||July||-1.6%||-0.1%||1.7%|
|06:00||United Kingdom||Nationwide house price index, y/y||July||-0.1%||-0.3%||1.5%|
|06:00||Germany||Retail sales, real adjusted||June||12.7%||-3.3%||-1.6%|
|06:30||Switzerland||Retail Sales (MoM)||June||30.7%||30.5%|
|06:30||Switzerland||Retail Sales Y/Y||June||6.2%||1.1%|
|09:00||Eurozone||Harmonized CPI, Y/Y||July||0.3%||0.2%||0.4%|
|09:00||Eurozone||Harmonized CPI ex EFAT, Y/Y||July||0.8%||0.8%||1.2%|
|09:00||Eurozone||GDP (YoY)||Quarter II||-3.1%||-14.5%||-15%|
|09:00||Eurozone||GDP (QoQ)||Quarter II||-3.6%||-12%||-12.1%|
EUR traded mixed against its major rivals in the European session on Friday after official data revealed that the Eurozone's economy contracted by the fastest rate on record in the second quarter and the bloc’s annual inflation unexpectedly edged up in July.
EUR fell against GBP, USD and CAD, rose against JPY and NZD, and was little changed against CHF and AUD.
Eurostat reported on Friday its flash estimate showed that the Eurozone's gross domestic product (GDP) shrank by 12.1 percent q/q in the second quarter of 2020, following a 3.6 percent q/q decline in the first quarter. That was the biggest contraction on record, as lockdowns imposed to contain the spread of the coronavirus pandemic hit activity and global demand. Economists had forecast a 12 percent q/q fall. All major economies in the region posted record declines in GDP in the second quarter. In y/y terms, the Eurozone's economy contracted by a record 15.0 percent compared to economists' expectations of a 14.5 percent decline.
A separate report from Eurostat revealed that the Eurozone's annual inflation edged up unexpectedly to 0.4 percent in July from 0.3 percent in June. Economists had forecast the rate to decline to 0.2 percent. Meanwhile, the annual core inflation, which excludes volatile prices of energy, food, alcohol and tobacco, and at which the ECB looks in its monetary policy decisions, accelerated to 1.2 percent this month from 0.8 percent in the prior month.
Risk Warning: Trading Forex and CFDs on margin carries a high level of risk and may not be suitable for all investors. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Prior to trading, you should take into consideration your level of experience and financial situation. TeleTrade strives to provide you with all the necessary information and protective measures, but, if the risks seem still unclear to you, please seek independent advice.
© 2011-2020 TeleTrade-DJ International Consulting Ltd
TeleTrade-DJ International Consulting Ltd is registered as a Cyprus Investment Firm (CIF) under registration number HE272810 and is licensed by the Cyprus Securities and Exchange Commission (CySEC) under license number 158/11.
The company operates in accordance with Markets in Financial Instruments Directive (MiFID).
The content on this website is for information purposes only. All the services and information provided have been obtained from sources deemed to be reliable. TeleTrade-DJ International Consulting Ltd ("TeleTrade") and/or any third-party information providers provide the services and information without warranty of any kind. By using this information and services you agree that under no circumstances shall TeleTrade have any liability to any person or entity for any loss or damage in whole or part caused by reliance on such information and services.
TeleTrade cooperates exclusively with regulated financial institutions for the safekeeping of clients' funds. Please see the entire list of banks and payment service providers entrusted with the handling of clients' funds.
TeleTrade-DJ International Consulting Ltd currently provides its services on a cross-border basis, within EEA states (except Belgium) under the MiFID passporting regime, and in selected 3rd countries. TeleTrade does not provide its services to residents or nationals of the USA.