The final Q3 GDP in the Euro Zone revised down

Source: Forexpros

Economy of the Euro Zone grew less than previously estimated in Q3 of 2011. The Euro Zone's GDP expanded by 0.1% seasonally adjusted in Q3 as compared to 0.2% preliminary reported. The GDP in the previous quarter grew by 0.8%. After the data release, the Euro stayed lower against the USD and the pair EUR/USD lost 0.56% to 1.2706.

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Wed, 11 Jan 2012 14:51:56 GMT

Copper soars amid hopes on China's monetary easing

Copper futures advanced to almost one-month high as metal's price was supported by hopes of the China's monetary easing. COMEX copper March contract traded at USD3.541 a pound at the early European trade, on the New York Mercantile Exchange, easing up 0.8% since opening.

Wed, 11 Jan 2012 14:23:53 GMT

German GDP grows 3% in 2011

German GDP added 3% in 2011, surging most during in the first 6 months of the year, said the federal statistics office on Wednesday. The annual growth estimate matched the forecasts. Growth in European biggest economy decelerated from a record high expansion of 3.7% in 2010. Last year's surge in GDP was mainly driven by domestic demand as household consumption expanded by 1.5%.  

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