Industrial production figures provided little direction early. Next up economic sentiment figures for Germany and the Eurozone and finalized GDP numbers for the Eurozone.
It’s a busier day on the economic data front. Ahead of the European open, industrial production figures for Germany were in focus.
In April, production fell by 1.0% partially reversing a 2.2% increase in March. Economists had forecast a modest 0.5% rise.
According to Destatis,
Ahead of the production figures, the EUR had risen to a pre-stat high and current day high $1.21942 before falling to a pre-stat low $1.21762.
In response to today’s stats, the EUR rose from a post-stat low $1.21766 to a post-stat high $1.21854 before easing back.
At the time of writing, the EUR was down by 0.04% to $1.21845.
ZEW Economic Sentiment figures for Germany and the Eurozone and finalized 1st quarter GDP numbers for the Eurozone.
From the U.S, trade data and all-important JOLT’s job openings will also draw interest late in the session.
With over 20 years of experience in the finance industry, Bob has been managing regional teams across Europe and Asia and focusing on analytics across both corporate and financial institutions. Currently he is covering developments relating to the financial markets, including currencies, commodities, alternative asset classes, and global equities.