German GDP Surpasses Expectations

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Is the Euro finally finding it’s way out of recession?

That question could be heavily debated, but today’s German GDP does look great on paper and has made the markets bounce around this Wednesday morning.

Germany’s GDP, by some forecasts, was expected to show a gain of 0.5%. Surpassing expectations, the German GDP showed up at 0.7% for this second quarter and the Euro pushed above $1.3270.

Many German stocks also advanced this morning as the GDP figure was made known.

PreLim Stats show that Germany grew 0.9% year-on-year.

Find the full German GDP Report here.

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