GDP in Eurozone grew in third quarter 0,2% despite the trade war. Growing was same as analytics estimated. Problem was released in retail sales which in October fell by 0,6%. Mover of the euro downgraded from estimates by 0,3%. Second main (not good) information came from Germany which factory orders fell 0,4%, when market expected growing 0,3%.
This information from European union were important, but traders are looking at the OPEC, which have meeting today. OPEC reported hesitation to cut their output from current 1,2 million barrel per month to 1,6 million barrels.
The post Retail in eurozone slows despite trade war appeared first on Gulfbrokers.
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