Single Currency Sank
The Euro/Dollar has dropped 0.12% to trade at 1.1781. German Industrial Production fell 1.4%. Eurozone Revised Q3 Gross Domestic Product rose 0.6%. US ADP nonfarm employment marked an increase of 190K. Today, the US will feature unemployment claims. Mario Draghi will host a press conference. Investors will be closely listening to what the ECB President has to say. Tomorrow, Germany will announce Trade Balance, and the US will present Average Hourly Earnings, Nonfarm Employment Change, unemployment rate and UoM Consumer Sentiment.
Eurozone economy is having a very successful year. Manufacturing is robust and unemployment is at low level. Gross Domestic Product is expected to make up 2.2% and inflation is projected to mark 1.2%. Shares are at high levels and the DAX is sticking to 1.18 level.