German GDP for Q3 to be Revealed Today

German GDP for Q3 to be Revealed Today

The German Gross Domestic Product (GDP) for the Third Quarter is scheduled to be announced on Monday at 09:00 GMT and the market participants and analysts will be seeking clues about the German statistics through this release. The data will be released by the Federal Statistical Office of Germany. The financial experts are anticipating the decline in the German GDP by 0.2%, as the market expects European economic conditions to deteriorate further.

When the German GDP was disclosed on 25th Aug 2023 at 06:00 GMT, it stood at 0.0%. Now, if there is an anticipated drop in the values of the indicator, it can have a negative effect on euro quotes. Moreover, the GDP in the Eurozone is expected to fall to 0.2% from 0.5% in the previous report. Anyhow, the announcement of these significant indicators will be carefully watched by the market participants.

Also on Monday, the preliminary Spanish Consumer Price Index (CPI) for October and the German CPI will be declared.

Japan to Publish Its Retail Sales

The Ministry of Economy, Trade and Industry of Japan will be announcing its Retail Sales on Monday at 23:50 GMT and investors who are trading in the Japanese Yen are highly recommended to make a note of the changes in the values of the indicator. It is high important economic news coming from the consumer sector of the market. Top economists are anticipating it to have a drop of 0.1%. If there is a decrease in the values of the indicator, it will have a negative effect on yen quotes. Furthermore, when the Retail Sales of Japan was disclosed on 28th Sept 2023 at 23:50 GMT, it had a rise of 0.1%.

CPI of Germany to be Declared Today

The medium important economic news about the release of the Consumer Price Index of Germany will be done by the Federal Statistical Office of Germany on Monday at 13:00 GMT. Market participants who are trading in the euro quotes are suggested to stay updated about the changes in the readings of the indicator as it is a major indicator of the consumer market trends and inflation level. Now financial experts are forecasting a rise of 0.3%. A positive value of the indicator impacts the euro quotes positively.