Germany’s Industrial Production rises 0.4% MoM in April, as expected
Germany’s industrial sector activity rebounds in April, the latest data published by Destatis showed on Tuesday.
Industrial Output, in the Eurozone’s economic powerhouse, rose by 0.4% over the month in April, the federal statistics authority Destatis said in figures adjusted for seasonal and calendar effects, compared with the expected 0.4% rise and a decline of 0.1% recorded in March (revised from -0.7%).
Annually, the German Industrial Production came in at -0.5% in the same period, following March’s revised a 3.4% fall.
EUR/USD reaction to the German Industrial Production data
The Euro (EUR) edges slighly higher following the German Industrial Production data. At the press time, the EUR/USD pair holds gains near 1.1545, up 0.11% on the day.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nineteen out of twenty, Chair Waller again failed to deliver the Fed dot plot “assignment”
Federal Reserve Chairman Waller has twice refused to enter his interest rate forecasts on the dot plot, bluntly stating that the tool is "of no use for policy implementation." The dot plot, which has been in operation since 2011 and is published four times a year to show officials' interest rate expectations, is an important reference for the market to assess the direction of monetary policy. However, its lack of consensus, anonymity, and the participation of non-voting governors have long been criticized. Previous chairs have had varying attitudes toward the tool, but Waller's stance is the toughest.
NEAR Protocol Chain Signatures connect 30+ blockchains, skip bridges
Overnight US Stock Market | Federal Reserve Raises Interest Rates by 25 Basis Points as Expected, All Three Major Indexes Close Lower, SpaceX (SPCX.US) Rises Over 5%
At market close, the Dow Jones Industrial Average fell by 630.56 points, or 1.21%, to 51,462.55 points; the S&P 500 Index dropped 33.51 points, or 0.44%, to 7,552.22 points; and the Nasdaq Composite Index declined 3.15 points, or 0.01%, to 25,978.42 points.
Overseas investors reduced their holdings of U.S. Treasury bonds by $50.4 billion in July; both Japan and China cut holdings, while the UK increased holdings against the trend
Data released by the U.S. Treasury on Wednesday shows that in July, the amount of U.S. Treasury bonds held by overseas investors significantly decreased, dropping by $50.4 billion from June to $9.25 trillion, marking the lowest level since October last year.
Crypto prices
More
